On the weekly chart, the stock has witnessed a strong breakout from its six months “triangular” formation indicating resumption of its earlier up trend
The stock has recaptured its 20, 50 and 100 day SMA and rebounded very sharply
Huge volumes near breakout zone implies increased participation
The daily and weekly “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 250-262 levels.
Holding period is 3 to 4 weeks.
The stock has recaptured its 20, 50 and 100 day SMA and rebounded very sharply
Huge volumes near breakout zone implies increased participation
The daily and weekly “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 250-262 levels.
Holding period is 3 to 4 weeks.
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