๐Ÿ”ฅ LUNC Broke The Downtrend: Bullish Triangle Analysis

Recenntly I've made a couple of bullish analyses on LUNC. My signals have all been a great success, congratulations if you took the trade!

๐Ÿ”ฅ LUNC: Another Bounce Signal


As seen on the chart, LUNC has broken out of the downward sloping trend through the dotted blue resistance. At this moment, there's a bullish triangle forming, purple.

In my view, we're going to re-test the top resistance of the triangle. We can break out immediately or retest the support. But, once we break out, I think we're going to see a strong move from LUNC.

Blue lines are my targets after the bullish triangle break out.
Chart PatternsTechnical IndicatorsTrend Analysis

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