Hello traders, CIT GROUP is in a bullish movement with a return of buying volume made and a hammer candle. In the TIMEFRAME M1 we see a kind of hammer candle with short trace with an increase in the executed purchase volume. It came in retesting the highest of the consolidation zone. Big potential to breakout the price with momentum then the zone at the same time coming in the second zone and landing on the next high. By breaking a compression triangle with the possible check of the neckline will be missed for an attempt to breakout of the consolidation zone in failure to come.
Please LIKE & FOLLOW, thank you!
Please LIKE & FOLLOW, thank you!