Cake after giving a decent run from 10ish zone to 26 has been moving in a sideway sort of price action and now looks ready for a continuation of uptrend. It has been trading just below its falling resistance which in my view is likely to be challenged and breached soon.
Price breaking above 20.55 would be a bullish signal for a breakout towards 22.50 and 26 initially followed by 30 and 32 up next.
AB=CD Pattern also establishing a similar target towards 32 region.
Price breaking above 20.55 would be a bullish signal for a breakout towards 22.50 and 26 initially followed by 30 and 32 up next.
AB=CD Pattern also establishing a similar target towards 32 region.
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