Is this an ascending triangle?

I averaged down 🥹 It's only a little bit until liftoff 🚀

⚠️ As of 6/19/2024, this stock has been EXITed! Please invest at your own risk if you choose to enter.
(6/18 10:23 Neko Kumamon Post)
Amidst the total collapse of the Japanese market on 6/17, (6855) showed a contrary rise.
We observed this quite resilient semiconductor stock and tested an entry this morning.
Conducting stock research retroactively!
(Sector conditions as of 6/17 and 6855 candlestick chart)
*6855 belongs to the electric appliances sector
ℹ️What kind of company is it?
Manufacturer of semiconductor manufacturing probe cards (inspection equipment). Currently expanding overseas, aiming for TSM demand and enhancing facilities in Kumamoto for triple production capacity.
It seems that they are planning to produce products related to AI-targeted DRAM. I see, a DRAM brand!
🟠AI semiconductor stock
🟠DRAM stock
🟦Performance
Revenue and net profit are both lower compared to the previous year.
Revenue and net margin are 3.5%.
Current earnings exceed consensus!
Net profit is in the negative.
So, you're expected to look forward to the future.
Financials
B/S
⭕Current assets 240 > current liabilities 45 + long-term borrowings 38. The right side is excellent at 34.5% of the left side!
⭕Inventory assets are small, intangible assets are also small, and accounts receivable is small...

Background
- At the COP28 climate conference held in Dubai, there has been intense debate about the slow pace of reducing fossil fuel consumption to combat climate change. However, one positive point that participants can point out is the increasing number of electric cars worldwide, which has already generated a remarkably high demand.
- According to industry experts, due to the recent growth in sales of electric cars, forecasters are advancing their predictions for when the world's petroleum usage will peak. This is because public subsidies and technological advancements allow consumers to overcome the eye-watering high sticker prices of battery-powered cars.
- The International Energy Agency (IEA), headquartered in Paris and composed of 29 advanced countries, has regularly adjusted its forecasts for the world's oil consumption since the 2017 projection of nearly 0.13 billion barrels per day, and now predicts that it will peak at around 0.13 billion barrels per day by the end of this century. It is expected to reach a peak of 0.15 billion barrels per day in 2040.
Apostolos Petropoulos, an energy modeler at the IEA, stated that supporting the transition to electrification as a policy has significantly reduced the demand for petroleum in the transportation sector, which has been a key driver of global petroleum demand growth...