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Traingle Pattern - Breakout Confirmed
FSL had been trading in a long term parallel channel and short term triangle pattern.
It witnessed a breakout of Short term Triangle Pattern with good volume and this coincides the bounce from long term trend support in parallel channel.
It will be interesting to see if it can reach its recent high and the targets marked in black horizontal lines in the chart itself.
The RSI and MACD are also set up beautifully and the momentum seems good for some upside movement.
It witnessed a breakout of Short term Triangle Pattern with good volume and this coincides the bounce from long term trend support in parallel channel.
It will be interesting to see if it can reach its recent high and the targets marked in black horizontal lines in the chart itself.
The RSI and MACD are also set up beautifully and the momentum seems good for some upside movement.
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