Symmetrical triangles are my least favorite trade setups but this one is catching my attention for 3 reasons:
1) Stock forming the triangle above all time high set back in 2017 (bullish)
2) 50 MA coming up to price (increasing probability of price resumption to the upside)
3) and volume pattern showing lots of accumulation
C A I International Inc (CAI)- LEASES CONTAINERS TO SHIPPING LINES VIA A FLEET OF 1.68 MIL TEU UNITS. ALSO PROVIDES CONTAINER SERVICES
1) Stock forming the triangle above all time high set back in 2017 (bullish)
2) 50 MA coming up to price (increasing probability of price resumption to the upside)
3) and volume pattern showing lots of accumulation
C A I International Inc (CAI)- LEASES CONTAINERS TO SHIPPING LINES VIA A FLEET OF 1.68 MIL TEU UNITS. ALSO PROVIDES CONTAINER SERVICES
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel www.youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel www.youtube.com/@taplot