MNHolding performing Ascending triangle and breakout expectedMN Holdings Bhd.MYX_DLY:MNHLDGchongchanyauPattern components visible Flat resistance: The horizontal red line around 2.95–3.00 has been tested multiple times on the right side of the chart, with candles compressing just under it rather than breaking through cleanly. Rising support: The yellow trendline connecting the higher lows continues to slope upward, converging toward that flat resistance — classic ascending triangle geometry (higher lows + flat highs). Apex forming: Price is getting squeezed into a tightening range, which is consistent with the pattern nearing resolution. Supporting signals Price remains above both the 50 EMA (red) and 200 EMA (blue), so the broader structure still favors bulls — ascending triangles are typically continuation patterns in an uptrend, which fits here. RSI sitting around 50–55, neutral-to-mild-bullish, gives room to run higher without being overbought if a breakout occurs. What's missing for confirmation Volume is the weak link right now — it's contracted noticeably during this consolidation phase. A textbook ascending triangle breakout ideally comes with a volume surge on the breakout candle; without that, a "breakout" can be more prone to failing or faking out (a false break followed by a pullback into the range). The pattern isn't confirmed until price actually closes convincingly above the 2.95–3.00 resistance — right now it's still forming, not resolved. If it plays out as a textbook breakout Measured move target is typically the height of the triangle's base added to the breakout point. Eyeballing the base (roughly from ~1.60–1.70 up to ~2.95), that's a fairly large projected move if it triggers — but wider/lower-probability the taller the base, so treat that math as illustrative, not a forecast. Failure case: a false breakout or rejection at resistance would likely see price fall back toward the rising trendline (~2.60–2.70 currently) or the 50 EMA as next support. So the pattern is real and the setup is textbook-shaped, but the low volume into resistance is the flag that would make me want to see a strong-volume close above 2.95–3.00 before treating a breakout as confirmed rather than assumed.