Breakout from cup completionComing off the bear market rally the stock has corrected 50% while the broad market corrected 29%.
End of downtrend confirmation.
Possibility to go long if tennis ball action persists during pull back.
MATAS trade ideas
Likely continued upside in Matas during next weeks (and years)Matas might be about to break its down trend if it can move up through the top of the down trend channel at 63 DKK during the next few weeks. If it can, the next price target would be the top of the trading range 76 DKK. A further break through 76 DKK would indicate a new strong up trend.
