ZenTradesRW

Large Ascending Triangle

Viés de alta
CGLD / CELO consolidating into a large ascending triangle. Finding support at the confluence of the 21/50 days and trend line support. Volume has been drying up until today on this up move.

1.618% Fib extension is to $25, which seems crazy but a handful of names have been ripping like this. With a market cap of $2.2bn, doesn't seem unreasonable from a size perspective
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