Breakout With High Volume & Strong Momentum

Company Overview:
Thejo Engineering is a leading provider of bulk material handling solutions, serving industries such as mining, power, and infrastructure. With a focus on innovation and quality, the company has established itself as a key player in the industry.

Technical Analysis:
- Strong Support from Lower Trend Line: The stock is currently supported by a strong lower trend line, indicating a potential reversal or continuation of the upward trend.
- Double Top Breakout with High Volume: The stock has recently broken out of a double top pattern with very high trading volume. This breakout is a strong bullish signal, suggesting a potential uptrend in the stock price.
- Rising RSI and ADX: The Relative Strength Index (RSI) and Average Directional Index (ADX) are both rising, indicating increasing buying pressure and trend strength. This supports the bullish outlook for the stock.

Сделка активна:

thejo more than 10% up