Multiple Resistance Zone Breakout
Обновлено
On the weekly time frame the stock has decisively broken out above "Multiple Resistance Zone" form around 400 level.
Stock was consolidating above the breakout area between 445-380 in this week it broke above this consolidation range indicating stock may pick up an upside momentum.
This breakout is accompanied with rising volume, which normally dried up during the "consolidation "pattern.
The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its reference line which indicate positive momentum
The above analysis indicates an upside of 512-543 levels.
Stock was consolidating above the breakout area between 445-380 in this week it broke above this consolidation range indicating stock may pick up an upside momentum.
This breakout is accompanied with rising volume, which normally dried up during the "consolidation "pattern.
The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its reference line which indicate positive momentum
The above analysis indicates an upside of 512-543 levels.
Заметка
STOP LOSS 413
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.