SAPNRG - price finds flag consolidation, breakout incoming?
SAPNRG - Sapura Energy - LONG
We can see that the price finds a flag consolidation stage. Buyers and sellers are accumulating their positions in the anticipation of a break as the price forms a tight wedge. Also, as the price nears the highs of the range, there's an influx in volume of buyers initiating into the move.
Will it send price into expansion? Can the volume confirm an impending breakout? Let's see!
We can see that the price finds a flag consolidation stage. Buyers and sellers are accumulating their positions in the anticipation of a break as the price forms a tight wedge. Also, as the price nears the highs of the range, there's an influx in volume of buyers initiating into the move.
Will it send price into expansion? Can the volume confirm an impending breakout? Let's see!