BREAKOUT FROM CONSOLIDATION CHANNEL
This is daily timeframe.
This stock is smallcap and high beta.
But the business model is unique and fundamentals have changed a lot last year.
We can see it in price action.
Yesterday it gave breakout from its long consolidation zone with bullish belt-hold candlestick pattern.
It also had very good volume. Though it have today formed a bearish candle but I think it's just for retracement purpose.
But still I will be more cautious in this trade.
This post is for information purpose only.
This stock is smallcap and high beta.
But the business model is unique and fundamentals have changed a lot last year.
We can see it in price action.
Yesterday it gave breakout from its long consolidation zone with bullish belt-hold candlestick pattern.
It also had very good volume. Though it have today formed a bearish candle but I think it's just for retracement purpose.
But still I will be more cautious in this trade.
This post is for information purpose only.
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