VET ascending triangle continuation pattern

2 באפר׳ 2021

On VET'S daily time frame you can see a perfect bullish ascending triangle forming. Buyers inability to breakthrough resistance paired with sellers losing steam resulted in this triangles consolidation. Watch for breakout of resistance and confirm with a closing daily candle before entering any trade. Price target of ~$.12 or higher depending on strength of breakout and accompanying volume. Set stop loss at recent swing low or just below the triangle support.