Adventus Holdings - Bullish Upside Breakout

Adventus Holdings Ltd forms bullish "Upside Breakout" chart pattern
Nov 27, 2020

Trading Central has detected an "Upside Breakout" chart pattern formed on Adventus Holdings Ltd (5EF:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.027 to the range of 0.050 - 0.060. The pattern formed over 20 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price broke upward out of a trading range suggesting we're entering a new uptrend. The Upside Breakout pattern represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, an upside breakout through the upper resistance line signals an end to the consolidation period and the start of an uptrend.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.