All Cargo

21 ส.ค.

Descending triangle pattern breaking out to the upside is indeed a bullish signal. Typically, a descending triangle is considered a bearish pattern, where the price makes lower highs while the support level remains constant. This suggests that sellers are gaining control. However, if the price breaks out above the upper trendline of the triangle with strong volume, it can signal a strong reversal from the bearish trend and indicate a potential upward movement.

In the case of All Cargo stock, if the breakout is accompanied by a good amount of volume, it further validates the strength of the breakout, suggesting that buyers are stepping in with conviction. This could lead to a significant upward move in the stock price, potentially initiating a new bullish trend.

As with any technical analysis, it's important to consider other factors and conduct thorough research before making investment decisions.

Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making trading decisions. Trading involves risk, and it's important to trade according to your risk tolerance and use proper risk management strategies.