A significant breakout of a Cup and Handle pattern in ZINC has been observed. This pattern often indicates a potential bullish continuation of the existing trend. The burst in volume during the breakout suggests increased buying interest at the current price levels, which further reinforces the positive outlook for security.  Moreover, the price of ZINC is trading above the major Exponential Moving Averages (EMA's), indicating a sustained uptrend. This alignment with the EMA's adds more confidence to the bullish scenario.  Additionally, the breakout in the Relative Strength Index (RSI) supports the upside move, confirming the strength of the current trend and implying the potential for further price appreciation.

Cup And Handle

Jul 31 2023