GE breaking above!! Uptrend to unfold

7 באוג׳ 2024

Looking at the weekly chart which shows the breakout above rounded bottom.
There are multiple trend breakouts we see.

1. Double bottom
2. Downtrend Line breakout
3. Rounded bottom (Neckline is at 153 level which in the past has acted as support and resistance both as shown in the chart with red circles)

After all this we are seeing some kind of consolidation above the neckline (Above 153 price). And that also shows the break of a triangular pattern




So I would like to see the break of the structure and retest the 165 levels. Boosting the confidence towards uptrend.

T1: 200
T2: 254