M&M

The stock has been silently resisting the downfall also known as Relative Strength and that is where usually the next leaders emerge from. In a conducive market, such stocks are off the fences. Could this emerge as a probable new leader once things settle down and the market turns for the good? For now, it has given a good break out and with other auto names running, this could be seen as a good bet here for a positional long play.