POV DCAL : Consolidation Breakout: A Bullish Setup
Technical Education Insight
(A) Downtrend Line: This line indicates a consistent downtrend until a breakout occurs.
(B.1) Trendline Breakout: The stock breaks the downtrend line with strong conviction, marked by significant volume (B.2).
(C) Consolidation Phase: After the breakout, the stock trades within a limited range for over 100 days, showing consolidation.
(D.1) Fresh Breakout: Today, the stock breaks out of this range, closing above it with high volume (D.2).
200 SMA Breakout (E): The close above this key moving average further strengthens the bullish signal.
(A) Downtrend Line: This line indicates a consistent downtrend until a breakout occurs.
(B.1) Trendline Breakout: The stock breaks the downtrend line with strong conviction, marked by significant volume (B.2).
(C) Consolidation Phase: After the breakout, the stock trades within a limited range for over 100 days, showing consolidation.
(D.1) Fresh Breakout: Today, the stock breaks out of this range, closing above it with high volume (D.2).
200 SMA Breakout (E): The close above this key moving average further strengthens the bullish signal.
Trade closed: target reached
Note
9th Dec 24 : Crossed swing high but unable to sustain on top 
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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.