OM — Cup & Handle Forming?
Mantra (OM) entered a well-deserved consolidation phase after pumping from ~1.25 to above $4.40 — an incredible run.
However, based on the chart, it looks as if Mantra is gearing up for the next leg. The daily chart shows a clear cup and handle pattern forming.
Once the price breaks out of the handle, the price should easily reach 5-5,50.
🚨While the price action points toward a handle pattern, the volume does not perfectly support it. Especially the bottom formation wasn't driven by high volume.
