Descending triangle consolidate a trend but not necessarily an uptrend or a downtrend.
This SGRO stock formed a descending triangle pattern during its uptrend which led to further buying and continuation of the uptrend. Buy signal has breaks the resistance trend line and volume is expected to expands as the buying resumes to push the stock higher.
Today close price is IDR 2,825. Next target price for this SGRO stock is IDR 3,325.
[Read this in Bahasa Indonesia]
Best Regards,
0 comments:
Post a Comment