VCP in making for Samchem?
Possible trading strategy
1. Bottom trendline can be good entry point as long as price moving in between the triangle.
2. Breaking out above VCP triangle potential major uptrend coming.
Cautious
1. Breaking below triangle should consider for first signal cut lose while waiting further long term trend.
Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.
Possible trading strategy
1. Bottom trendline can be good entry point as long as price moving in between the triangle.
2. Breaking out above VCP triangle potential major uptrend coming.
Cautious
1. Breaking below triangle should consider for first signal cut lose while waiting further long term trend.
Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.