🔥 LUNC Broke The Downtrend: Bullish Triangle Analysis
Recenntly I've made a couple of bullish analyses on LUNC. My signals have all been a great success, congratulations if you took the trade!
As seen on the chart, LUNC has broken out of the downward sloping trend through the dotted blue resistance. At this moment, there's a bullish triangle forming, purple.
In my view, we're going to re-test the top resistance of the triangle. We can break out immediately or retest the support. But, once we break out, I think we're going to see a strong move from LUNC.
Blue lines are my targets after the bullish triangle break out.
As seen on the chart, LUNC has broken out of the downward sloping trend through the dotted blue resistance. At this moment, there's a bullish triangle forming, purple.
In my view, we're going to re-test the top resistance of the triangle. We can break out immediately or retest the support. But, once we break out, I think we're going to see a strong move from LUNC.
Blue lines are my targets after the bullish triangle break out.
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