Genting SP (G13): Pending To Breakout From Ascending Triangle [Technical; Breakout]
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Breakout Buy: $1.580
Immediate Support: $1.500
Immediate Resistance: $1.650
2nd Resistance: $1.750
Range: $0.17, 10.8%
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Categories: Genting SP (G13)
Genting Singapore
