STC – price action chart pointing upward

    • Before, the price showed a Double Top pattern and dropped sharply after breaking the neckline.
    • The price found support around the 35 mark and then made a strong upward move.
    • An interesting price pattern emerges when a bullish candle is followed by a small red candle a few days later as the price continues to rise.
    • A bearish Pole & Flag pattern emerged and the price fell to the trendline support.
    • Following a period of consolidation, the price created an Ascending Triangle pattern and is anticipated to break out soon.
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