BRT - Bull FormationsSteep Ascending Triangles are evident on this Weekly chart for BRT The first breaking out to the upside very strongly With the second one yet to break out This is all within a larger upward channel in green
BRT trade ideas
BRT accumulating power for a breakout to 14.80?
Can see that NYSE:BRT have been consolidating at the resistance of 14.00-14.05 since the start of April 2019, which it did not manage to breakout successfully on January and July 2018. However, over the past month the tight consolidation at the resistance have shown that buyers are willing to defend the price and is also gaining strength at the same time. Thus, with an ideal uptrend intact as well, target price is drawn to 14.80/15.00, where profit taking might take place.
