LICI | Weekly Chart | Basing pattern

Chart analysis:
Pattern: Basing pattern is formed. Currently, consolidation is happening near breakout zone.
Breakout: Basing pattern is about to breakout the All Time High (ATH) price after 1.5 years.
Volume: Volume action is clearly visible near breakout zone.

Trade setup:
Entry price: Close of 950.05 price break candle.
Stop loss: Below 866
Target 1: 1310.95

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Kommentar:

Waiting for the price to close above 950.05 to initiate the trade.