Music Broadcasting company looks technically very strong for a short term target of 50% and a medium term target of 95%.
The script gave a cup and handle breakout supported by huge volumes.
However, on the business front, though the company has been acquiring market share from its competitors and performs way better than industry average, the financials seem to be in a negative trend which is a sign of caution for investors.
Technically strong but Fundamentally moderate or weak and hence the choice is yours.
#TradeTheTrend
The script gave a cup and handle breakout supported by huge volumes.
However, on the business front, though the company has been acquiring market share from its competitors and performs way better than industry average, the financials seem to be in a negative trend which is a sign of caution for investors.
Technically strong but Fundamentally moderate or weak and hence the choice is yours.
#TradeTheTrend