ECONBHD (5253): Bullish

Pattern: Long term Uptrend & A Cup & Handle Breakout

On the daily chart above, ECONBHD broke out of the cup and handle pattern a few days ago. It is attempting to backtest the neckline before resuming its uptrend. 

Due to the overall market is in a correction mode and a deeper pullback might happen. In this case, the two circled orange areas might provide relatively low risk entries, which are around 2.03 and 1.96.

I hold my bullish bias on ECONBHD as long as it stays above 1.80.

Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.

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Cheers,

Ming Jong

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