Candlestick & Breakout Patterns

==> 3A Big Bullish Formation In The Making

Ming Jong Tey
Publish date: Wed, 12 Apr 2017, 02:39 PM
Understand the psychology behind the candlestick & breakout pattern will give you an edge to realize why the market does what it does and anticipate opportunities before they happen!

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3A (0012): Bullish

Pattern: Weekly Rounding Bottom In The Making

3A Weekly Rounding Bottom

Based on 3A's weekly chart above, a rounding bottom is forming since 2010. Momentum is picking since last year.

3A Daily Rounding Bottom

From 3A's daily chart above, it broke the neckline with strong volume on 3 April 2017. 

The immediate target price for 3A is 1.72. After that, it will be on its way to challenge the weekly's rounding bottom's neckline, which is 2.20.

Based on the price action and the volume flow as shown on 3A's daily chart, the bullish trend is healthy.

I am bullish on 3A when it is above 1.40.

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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