Ascending Triangle on the Weekly chart for CCO on Canadian market. Confirmed
Pros:
1- Bullish Ascending triangle broke through resistance
2- Descending volume during formation of the triangle
3- PPS above 50MA and 200MA
4- RS above 0 and ascending
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending
9- Golden cross in blue
Cons:
1- ATR is flat, less volatile
Target price is 58,84$.
Again, stay humble, have fun, make money!
MAAX!
Pros:
1- Bullish Ascending triangle broke through resistance
2- Descending volume during formation of the triangle
3- PPS above 50MA and 200MA
4- RS above 0 and ascending
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending
9- Golden cross in blue
Cons:
1- ATR is flat, less volatile
Target price is 58,84$.
Again, stay humble, have fun, make money!
MAAX!
