$NGVT forming 3 month #AscendingTriangle #ChartPattern #Breakout

NGVT has formed a 3 months ascending triangle chart pattern with the price testing the upper boundary multiple times. The price has been resting right below that resistance level for the last few sessions and could breakout soon. Chart patter price target identified on the chart but the weekly 200 MA is coming in at around $68. Watch that level after the breakout and tighten stops if weakness comes in. The breakout when it happens will clear the 200 day MA, adding to the validity of the breakout.

#KeepitSimple!