HMPRO: Long-Term Accumulation & Reversal Setup

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HMPRO: Long-Term Accumulation & Reversal SetupHome Product Center Public Co., Ltd.SET:HMPROake9522HMPRO: Long-Term Accumulation & Reversal Setup 1. Technical Overview & Structure Long-Term Downtrend: Since late 2023, the price has been contained within a descending channel, constrained by a long-term downward trendline. Base Building & Accumulation: The Volume Profile reveals heavy volume nodes concentrated in the 6.00 – 6.50 range, acting as a robust accumulation zone and multi-year structural support. Triangle Breakout / Reversal: Price action is compressing into a converging pattern near historical support, signaling seller exhaustion and a strong foundation for a potential trend reversal as it challenges the upper resistance trendline. 2. Key Price Targets (Fibonacci Projections) Short-Term Target (7.15 – 7.65): Corresponds to the 1.0 and 1.618 Fibonacci Extension levels, marking the initial breakout hurdle. Medium-Term Target (8.50): Aligned with the 2.618 Fibonacci Extension, which comes into play if buying momentum accelerates. Long-Term Target (9.35+): Aligned with the 3.618 Fibonacci Extension, representing a complete structural shift back into a major bull trend. 3. Risk Management Invalidation Level / Stop Loss: A breakdown below the 6.00 – 6.30 support cluster would invalidate this reversal setup, signaling continuation of the broader downtrend.