CEMAS - A Possible Triangle Pattern on an Uptrend
As it can be seen there is a triangle pattern forming in the uptrend of CEMAS stock.
The RSI is not overbought.
The StochRSI is on a low level which might signal an increase in the RSI, which would mean that the stock price would go up.
If the price stays in the channel while going up it is possible to see the next fibonacci level which is 2.03.
PS: This is just an exercise, it is not a trading advice.
The RSI is not overbought.
The StochRSI is on a low level which might signal an increase in the RSI, which would mean that the stock price would go up.
If the price stays in the channel while going up it is possible to see the next fibonacci level which is 2.03.
PS: This is just an exercise, it is not a trading advice.
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