TKO is poised for a major multi-year breakthrough!

9 Ağu

Weekly Chart

• The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level.
  
• Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern.
  
• After breaking out of this formation, the stock price soared, reaching a peak around the 117 level before experiencing a decline.
  
• However, the stock found support at the 200 WEMA and rebounded from that level..
  
• At present, the stock is lingering near the resistance zone, and with an increase in trading volume, there is a strong expectation that it will achieve a breakout this time around.
  
• The appearance of an Inverted Head & Shoulders pattern on the weekly chart indicates a bullish sentiment.
  

Daily Chart

• The daily chart shows that after being rejected near the 117 level, the stock fell but then reversed by breaking above the double bottom pattern.
  
• Since then, the stock has maintained its upward trend and is now close to a major breakout.
  
• The rising volume indicates that the price is preparing for an upward move.