BCI potential pattern development

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I bought into BCI this year as an inflation hedge and a play on the potential start of a long-term commodities upswing. However, I am generally skeptical of the asset class overall simply because commodities tend to have prolonged down cycles where they drag down the rest of the portfolio and since I think the global trend toward automation is ultimately deflationary.

Since I currently have a stake in commodities, I would like to practice understanding chart patterns with the hope of eventually being able to detect when a prolonged downturn might occur.

It looks to me like either a megaphone or ascending triangle may be developing in BCI. A megaphone tends to be a continuation pattern (so bullish, in this case) while an ascending triangle tends to be neutral. The MACD has crossed above its signal line, which can be a bullish indicator, but the slope is pretty flat right now. RSI is currently range-bound, without oversold or overbought signals. Overall, I'm neutral until more information comes in.
Not
Looks like ascending triangle has been confirmed. Bullish sign for now.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.