Razor to start a rally from the break-out of a rounding bottom?

29 Eki 2020

Razor appears to be performing well this year under the backdrop of CV-19. Negative earning has been continuously improving. It's very likely that the company will report a come-back of positive earnings in the next earning call.
From pattern standpoint, Razor has recently completed the formation of a long-term Rounding Bottom.

A break-out was also formed nicely (with retraction in the last few days)

As long as it continues to stay on top of the neck-line ($2.23), the uptrend will likely to bring the price to $3.5/$3.6 range at the minimum.

9 Kas 2020

İşlem aktif

I am very glad that Razor issued a positive profit alert today and drove its price through the roof +18.2% to $2.73HKD.
Its profit story and the price actions today aligned with the chart pattern prediction nicely:
Razor spent the last 10 trading days forming the retraction after the initial break-out. Stayed above the neck-line throughout.
It shot up today once it touched base with SMA 20-Day last Friday.

Remain to be a strong buy.

11 Kas 2020

İşlem elle kapatılmış

It closed at $2.18HKD today; way below the neck-line support. The whole break-out trend from the rounding bottom was destroyed by the plunge this afternoon.
This trade was aborted.

18 Oca 2021

İşlem aktif

Seemingly a "Double Bottom" formed.