Triangle Breakout - BTI

١٣ مايو ٢٠٢٤

BTI has been trading within a symmetrical triangle pattern and with Friday's price action it broke out the top of the pattern. This is generally a signal for an upwards move. It hasn't quite triggered the order yet, but the momentum is looking good for it to trigger. Once in the trade, we are looking at a target at around the R606 level which coincides nicely with quite a strong support/resistance level.