See link below for previous analysis.
Cashbuild has been trading in a falling wedge pattern for over two years but the April 2024 low could be significant.
There are two technical reasons for optimism in Cashbuild:
1) Price looks to have broken out of the wedge pattern, though without much acceleration.
2) The MACD has been converging with price since October 2022 and is now holding above the
zero line.
I will maintain a bullish stance above the key invalidation level of 12150.
Cashbuild has been trading in a falling wedge pattern for over two years but the April 2024 low could be significant.
There are two technical reasons for optimism in Cashbuild:
1) Price looks to have broken out of the wedge pattern, though without much acceleration.
2) The MACD has been converging with price since October 2022 and is now holding above the
zero line.
I will maintain a bullish stance above the key invalidation level of 12150.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.