Vascon is showing strong indications of a major trend reversal. After forming a series of higher lows since March 2025, the stock has now broken out of a clear Inverted Head & Shoulder pattern on the weekly timeframe.
The breakout is particularly significant as it occurred at a confluence of two major resistance zones: a long-term horizontal trendline dating back to February 2012 and the more recent descending trendline from January 2024. This bullish move was accompanied by a +7.06% surge on high volume and is supported by a positive crossover in the short-term EMAs.
If the bullish momentum continues, the next potential target is the 86 level. Conversely, a failure to sustain the breakout could see the price retrace to support around the 46 level.
The breakout is particularly significant as it occurred at a confluence of two major resistance zones: a long-term horizontal trendline dating back to February 2012 and the more recent descending trendline from January 2024. This bullish move was accompanied by a +7.06% surge on high volume and is supported by a positive crossover in the short-term EMAs.
If the bullish momentum continues, the next potential target is the 86 level. Conversely, a failure to sustain the breakout could see the price retrace to support around the 46 level.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.