Ascending Triangle on the Weekly chart for CCO on Canadian market. Confirmed
Pros:
1- Bullish Ascending triangle broke through resistance
2- Descending volume during formation of the triangle
3- PPS above 50MA and 200MA
4- RS above 0 and ascending
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending
9- Golden cross in blue
Cons:
1- ATR is flat, less volatile
Target price is 58,84$.
Again, stay humble, have fun, make money!
MAAX!
Pros:
1- Bullish Ascending triangle broke through resistance
2- Descending volume during formation of the triangle
3- PPS above 50MA and 200MA
4- RS above 0 and ascending
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending
9- Golden cross in blue
Cons:
1- ATR is flat, less volatile
Target price is 58,84$.
Again, stay humble, have fun, make money!
MAAX!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.