INTRALOT S.A. (INLOT) - Weekly Chart: Cup and Handle Pattern Formation
This chart showcases a classic Cup and Handle pattern forming on the weekly timeframe for Intralot S.A. (INLOT). The price successfully tested the resistance zone between €1.20 and €1.30, but is currently retracing to the support area around €1.06. A further pullback towards the €0.85-€0.90 range is possible if the correction deepens. However, a strong breakout above the current resistance could trigger a bullish continuation towards the €1.60+ levels, aligning with the pattern’s projected target. The yellow highlighted area marks key support and resistance zones, while the red zone shows potential downside risks if the pullback extends.
This chart showcases a classic Cup and Handle pattern forming on the weekly timeframe for Intralot S.A. (INLOT). The price successfully tested the resistance zone between €1.20 and €1.30, but is currently retracing to the support area around €1.06. A further pullback towards the €0.85-€0.90 range is possible if the correction deepens. However, a strong breakout above the current resistance could trigger a bullish continuation towards the €1.60+ levels, aligning with the pattern’s projected target. The yellow highlighted area marks key support and resistance zones, while the red zone shows potential downside risks if the pullback extends.
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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.