STLA - Ascending triangle - Long term

On the weekly timeframe of the STLA chart, we can see an ascending triangle forming. An ascending triangle is a bullish formation.

It's interesting to watch this asset during 2023 for the price to break out of the triangle to the upside. The breakout-line is shown on the chart. When this happens the pattern gets confirmed and trade can be entered by taking a long position. This is a long-term trade.

See all further details on the chart.

Good luck!