CARIMIN trying to complete Cup & Handle Pattern
Updated
After complete "Cup shape" on 06 April 2020, CARIMIN make a long retrace which is most likely Falling Wedge as it's Handle. On First week of May 2020, CARIMIN already breakout it's Cup & Handle Pattern with strong gap-up movement and it is happen twice showing that CARIMIN will make come back. USOIL price also closed high on last Friday (08 May 2020) which is a good reason for CARIMIN to break a strong resistance point at 0.765cent. Once break this resistance, CARIMIN will fly to test next resistance at 0.955cent
Note
Today (14 MAY 2020), CARIMIN already tested upper trendline at 0.650cent and rebound nicely. It's closed at 0.680cent which is at previous strong support area. At this moment, USOIL price at USD26.20/Barrel which is a good signal for Oil related counter..
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