On a daily time frame Plantir Technologies has given a breakout of Pennant. A classical pattern breakout is witnessed with gap up opening with increasing volume indicating a positive trend.
The price is able to close near high which indicates buyers are aggresive to buy the security.
On the EMA front price is trading above the Fast(21) and Slow(50) EMA indicating upward trend,whereas the price has taken support of Fast EMA.
On the momentum front RSI has given a breakout of falling trendline which is supporting the price action.
On the ADX front DI+ is trading above DI- indicating uptrend whereas ADX trading above both the DI indicates strength in the upward move.

Pennant

Nov 28 2023