Dec. 4 at 11:11 PM
🥶
$COLD (8H) is moving like a slug 🐌, consolidating near the bottom of a major descending channel. But don't be fooled—the buy volume is loud and consistent! This quiet accumulation often precedes a sharp reversal.
Key Levels for the Breakout:
🔑 Immediate Resistance: The stock is testing the upper trendline of the descending channel, which sits right at the recent swing high of
$11.20 -
$11.30. A clean break here confirms the start of an uptrend.
🎯 VAH Target: If the channel breaks, the first major target is the High Volume Node (HVN) from the previous consolidation, found around
$14.00.
🧱 Strong Support: The bottom of the recent consolidation and the confluence of the two lower trendlines near
$10.00. This level must hold to maintain the bullish case.
Watch for the channel break to finally unleash the coiled energy from this strong, consistent volume!
#COLD #REIT #Accumulation #VolumeAnalysis #Trading #hovdid
