Will Awantec Keep Rising?

As we know, REDTONE has many projects in the future. This attracted other investors to invest in this company's shares. We can see at the REDTONE chart it keeps rising over the week after the announcement of a new project.

Will this impact the potentially movement of AWANTEC company? Let's we see the chart.

I have made an ascending triangle on the chart. Notice that I draw a flat upper line at 0.435 and the rising lower line. If it makes a breakout on the green line which is the upper line, we should see a sharp increase in volume and maybe it will be considered a continuation pattern in the Chart. Then, it will be considered as a bullish signal. However, we should wait for a few days to make sure it will make a complete symmetrical.

Basically this stock may have good sentiment because of the new project. The fundamental shows the positivity of this AWANTEC company after its big falling in August 2023 because of rejected Extension Time by Bursa.