SPACE42 PLC
Largo

Wedge Watch: SPACE42 Poised for Liftoff from Falling Orbit?

183

➤ 📈 RECOMMENDATION: BUY (Speculative)
➤ 🔍 REASONING:


📉 Chart Pattern: This is a falling wedge — a classic bullish pattern often seen at the end of a downtrend.
🚀 Bullish Signal: A breakout above the upper wedge line 📈 typically signals the start of an **uptrend**.
📊 Volume: Look for increasing volume** on the breakout 🔊 — this confirms momentum.
📐 Trend Structure: The narrowing price range with higher lows = buyers are stepping in gradually 💪.



🛠️ Action Strategy:


🟢 Entry: Buy on breakout above the upper trendline.
🛡️ Stop-loss: Just below the recent swing low inside the wedge.
🎯 Target: Take the height of the wedge and project it upward from the breakout level.


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