Divisilab: Watch out for weekly chart breakdown
The weekly chart shows the stock is moving in a contracting triangle.
If you extend the lower end of the triangle on the left side, we can see that the extended trendline marks swing highs registered during the bull run of 2014-2015.
That makes the lower end of the triangle all the more important. So, potential breakdown could bring sharp losses.
If you extend the lower end of the triangle on the left side, we can see that the extended trendline marks swing highs registered during the bull run of 2014-2015.
That makes the lower end of the triangle all the more important. So, potential breakdown could bring sharp losses.
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.
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.