Triangle Consolidation Breakout: SAMCHEM

Chart Pattern: Triangle Consolidation Breakout

SAMCHEM has formed a triangle consolidation pattern in the past week and the price has just broken out the downtrend resistance line, giving us a signal to buy in the stock.

Based on the triangle breakout calculation, final target price would be 0.855. However, the risk-averse investors could set their first tp at previous high (0.755).

Remark: Trade at your own risk.
Chart PatternsTrend Analysistrianglebreak

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