![](/files/my/blog/img/bl6974_image_20210801_193612.png)
SAM 9822
Before that massive spike in uptrend, prices are in a ranging uptrend mode. Typical banker's collection formation. Multiple hints were actually given by the bankers, were you able to catch them?
The first hint given by the bankers is the mini downtrend before that spike. Why? Notice how prices are going down but there were minimum outflow of monies. Pretty Suspicious to me.
The second hint is a very obvious one, which is the Collection Triangle. Prices lingered inside the Collection Triangle for a good 3 months time ! Super Suspicious, if prices are in a downtrend, it would have just breakdown from the Fibonacci Support but no, prices lingers instead.
The breakout from the Collection Triangle is a confirmation of uptrend. While last Friday we see huge piercing pattern, if today we dont see a red candle, prices should continue head higher in the Short-term.
Industry: Industrial Materials, Components Equipment.
Come join us on Telegram and PM us to learn more and request for the stocks you need reviewing for FREE.
Telegram : https://t.me/thechartstory
In this fast-moving digital world, we get information in a few clicks.
However, we rarely get first-hand information and more often we get misleading news.
Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
A stock chart contains data that is publicly available and accurate by itself. By having certainty in data quality, we can comfortably study charts and make investment judgements.
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.
Powerplay666
If you can read the charts why not highlight it before it LU? Always after it happens you can tell a good story
2021-08-01 21:02