Liberty Energy (LBRT) – Potential Triple Bottom Formation [LONG]
Liberty Energy (LBRT) appears to be forming a textbook triple bottom pattern on the daily chart, signaling a potential reversal from its recent downtrend. This bullish formation is characterized by three distinct lows around the $16.50 level, showcasing strong support at this price range.
Key Observations:
Support Zone: The $16.50 level has held firm as support on three occasions, rejecting further downside and indicating potential buyer accumulation.
Volume Analysis: Increasing volume on rebounds from the support level suggests growing bullish momentum.
Breakout Potential: A breakout above $18.65 (the neckline resistance) could confirm the triple bottom pattern and signal the start of a strong upward move.
Technical Indicators: The RSI is trending upward from oversold territory, hinting at a possible bullish divergence. Meanwhile, MACD is approaching a bullish crossover.
Target Price: If confirmed, the measured move projects a price target of $23.60, based on the height of the pattern.
Disclaimer: This is not financial advice. Conduct your own research and consider your risk tolerance before entering any trade.
Key Observations:
Support Zone: The $16.50 level has held firm as support on three occasions, rejecting further downside and indicating potential buyer accumulation.
Volume Analysis: Increasing volume on rebounds from the support level suggests growing bullish momentum.
Breakout Potential: A breakout above $18.65 (the neckline resistance) could confirm the triple bottom pattern and signal the start of a strong upward move.
Technical Indicators: The RSI is trending upward from oversold territory, hinting at a possible bullish divergence. Meanwhile, MACD is approaching a bullish crossover.
Target Price: If confirmed, the measured move projects a price target of $23.60, based on the height of the pattern.
Disclaimer: This is not financial advice. Conduct your own research and consider your risk tolerance before entering any trade.
Zlecenie aktywne
Liberty Energy (LBRT) target reached, confirming the triple bottom breakout. Trade remains active, monitoring for continuation or consolidation above $23.60.
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