OM — Cup and Handle Pattern?
Mantra (OM) has entered a well-deserved consolidation phase after rising from ~1.25 to over $4.40 — an impressive rally.
However, based on the chart, it appears that Mantra is preparing for the next phase. The daily chart shows a clear cup and handle pattern forming.
Once the price breaks the handle, the price should easily reach 5-5.50.
While the price action suggests a handle pattern, the volume does not support it perfectly. Especially since the lower formation was not driven by significant volume.