Adbri - Ascending Triangle - Approx 17% upsideNot my fav set up here but looks a fairly high probabilty trade.
Technicals - Ascending triangle formation, entry on triangle break with bullish candle confirmation.
Fundamentals - materials sector is expected to get plenty of activity from various government stimuli, plus, low interest rates environment is beneficial. Additionally, the market expected a much weaker outcome as a result of the coronavirus pandemic, and as a result a further bounce in share price is a decent probabilty.
Adbri
ADBRI - textook partial decline ABC showing a weekly structual descending broadening wedge with partial decline. Breakout has occured, with a throwback backtest. Price target in the realm on $6 in time. This is a large pattern, so be patient. This is not financial advice. I can't give you entry or stops.
