SIA symmetrical triangle breakout
SCBTCBased on 2h chart Ichimoku give us green light, DMI and MACD is supporting a long trade. The RSI still has room to go up till oversold.
Target around 350 - 380. Entry 225 - 235. Stop below the triangle.
Note
We are seeing a test of the kumo breakout, very normal behavior, specially with the New Year holiday season when everybody wants to win. If you are in the trade have some patience, it will go up again soon.
Note
Is going to move soonNote
Still looking good, from past movements SIA takes time after the breakout around 3-6 days till is going to really move up. Look at past patters and you will see what I'm talking about.
Trade active
Note
Target reached. Trade closed
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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.