Buy BRIGADE above 202 with short term target of 232

27 Agu 2018

After marking highs near 321, the stock saw a downward corrective move which took the stock to test the levels near 176. It is seen taking support near its 200-wMA and inch higher. Weekly RSI has just moved above the oversold area and this is a positive sign especially when it has done so after marking a minor higher bottom. While On-Balance Volume did not fall while the stock corrected, it has now made a fresh high which also is a bullish sign. Weekly MACD is moving towards reporting a positive crossover in coming times. Resumption of up move is expected in this stock. Any move below 182 will be negative for the stock.