This cybersecurity stock provides an open platform of identity management solutions. Its platform includes common services, access management, user-managed access, identity management, identity gateway, and directory services. The firm serves…
digital health, financial services, omnichannel retail, communications and… media, and government industries.
Take a look at the 1-year chart of Forge (FORG) below with the added notations:
Chart of FORG provided by TradingView
FORG has formed key resistance at $25 over the past two months, while also rising on top of an up-trending support line. These two lines have FORG trading within a common pattern known as an ascending triangle (blue). FORG will break out of the triangle eventually, and that break could dictate the stock’s next major move.
The Tale of the Tape: FORG has formed a triangle pattern. A short trade could be made on a break of support or on a test of resistance. A long trade could be…
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