Laurus Labs and Fine Organic - Reversal Breakout Alert!

12 июл.

• In the past, the stock found strong support around the 450 level, but when the price dropped below this support zone, it experienced a significant decline.
  
• The stock started to move upwards within a parallel channel after finding support around the 290 level.
  
• A recent bullish candle allowed the price to break through its trendline resistance with strong volume support.
  
• The stock also broke through the upper Bollinger Band and has been able to sustain its position above it.
  
• With the price showing strong upward momentum, there is potential for an upward movement from the current level.
  

• The stock price reached an all-time high of nearly 7,330 before dropping sharply to around 4,100.
  
• After the decline, the price entered a consolidation phase and traded in a Box pattern.
  
• A breakout has occurred recently, with the stock surpassing its previous range and trying to maintain its position.
  
• The rising volume suggests the possibility of an upward movement from the current level.