On the daily chart, the stock trending forming higher tops and bottoms
It has also confirmed “ down-sloping” trend line breakout indicating change of trend to the upside
The stock has recaptured its 20, 50, and 100 day SMA and rebounded very sharply Rising volumes around consolidation zone implies increased participation
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 2030-2100 levels.
Holding period is 3 to 4 weeks.
It has also confirmed “ down-sloping” trend line breakout indicating change of trend to the upside
The stock has recaptured its 20, 50, and 100 day SMA and rebounded very sharply Rising volumes around consolidation zone implies increased participation
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 2030-2100 levels.
Holding period is 3 to 4 weeks.
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