IPO Base Breakout In Pasuptac - Keep In Radar
✅ The stock has finally broken out of its long-term resistance near 54-55 which has acted as a significant ceiling since its IPO. This level marks the upper boundary of its trading range for the past two years and the breakout is a strong signal for further upward movement.
✅ The breakout is accompanied by a surge in volume indicating strong buying interest. The high volume lends credibility to the breakout reducing the likelihood of a false breakout.
✅The RSI is currently at 72 entering the overbought territory. While this signals strong bullish momentum, traders should be cautious of potential short-term consolidation before the stock continues its upward movement.
✅ The breakout is accompanied by a surge in volume indicating strong buying interest. The high volume lends credibility to the breakout reducing the likelihood of a false breakout.
✅The RSI is currently at 72 entering the overbought territory. While this signals strong bullish momentum, traders should be cautious of potential short-term consolidation before the stock continues its upward movement.
עסקה סגורה: היעד הושג
More than 25% move in no time
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.