Chart Analysis - Intracom Holdings (CR) The chart illustrates the following: Double Bottom Formation: A clear double bottom pattern has been formed, with the price breaking above the neckline around €3.00. This breakout signals potential further upside. Uptrend Confirmation: After breaking the neckline, the price has continued upward, reaching the resistance...
"Cup and Handle" Pattern: The price movement forms a "cup" shape (yellow curve), which is a well-known bullish continuation pattern. This indicates a gradual recovery back to previous resistance levels. The "handle" (on the right side) is a small consolidation phase, which could lead to a breakout above the resistance. Horizontal Resistance (Blue Line): A...
Intracom Holdings (INTRK) - Falling Wedge Pattern with Bullish Potential The chart for Intracom Holdings (INTRK) is showing a "Falling Wedge Pattern," typically signaling a potential trend reversal to the upside. This pattern, along with the following technical indicators, supports a bullish outlook: Falling Wedge Formation: The converging trendlines suggest...
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...
Denison Mines Corp. presents a long-term technical picture where it appears to be forming a "rounded bottom" pattern, which is a positive indicator for a possible upward movement in the future. This pattern refers to a long-term base formed after a long-term decline, followed by stabilization and future growth. Points of Interest: Resistance Area : The area...
Cup and Handle Formation: The chart clearly displays a rounded "cup" pattern from November 2023 to around September 2024. The "handle" appears to have formed in late September and early October 2024. This formation is a bullish signal, often indicating a continuation of the upward trend if the price breaks out above the handle. Key Resistance and Support...
Analysis: Cup and Handle Formation: The chart displays a rounded formation resembling a cup, starting around mid-2017 and completing in mid-2023. The "handle" seems to be forming in 2024. This pattern is common in technical analysis and can signal a continuation of the upward trend if the handle breaks out to the upside. Key Levels: There’s a marked resistance...