Descending Triangle Pattern in APOLLO
A descending triangle is forming. The Stock is heading towards 118. We can see the stock is continuously respecting the line. Hence the possible buy is when:
1. Stock closes with a big green candle supported by volumes
2. Stock is at it's floor level i.e. 102
Disclaimer: This is not a buy advice, Looking into the pattern the chances are that the stock will show an upward move soon as it has already shown a Flag &Pole Pattren in the weekly timeframe.
1. Stock closes with a big green candle supported by volumes
2. Stock is at it's floor level i.e. 102
Disclaimer: This is not a buy advice, Looking into the pattern the chances are that the stock will show an upward move soon as it has already shown a Flag &Pole Pattren in the weekly timeframe.
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