Tourism Fin Corp just broke and retested the neckline of the cup pattern. It has been forming a cup pattern since 2018, and it almost took six years to reach 175 levels. Recently, it has broken the neckline or resistance level with fair volume. One more thing is that it also retested the same levels and continued the uptrend.
The monthly, weekly and daily relative strength index is above 60. The volume is increasing. If it retraces near 195 to 200 levels, it would be a good entry point with previous low stop loss. If you measure the depth of the cup and put it above the neckline, that would target 325 levels.
The monthly, weekly and daily relative strength index is above 60. The volume is increasing. If it retraces near 195 to 200 levels, it would be a good entry point with previous low stop loss. If you measure the depth of the cup and put it above the neckline, that would target 325 levels.