SAIL hovering around 14Y trendline
SAIL trading around the 14Y trendline. It may give a big breakout or a steady rise, It is also supported by a cup and handle pattern in Daily timeframe. overall it is bullish and looks very good for long term.
Positive Signals:
- Trading above monthly 200 MA
- Trading over 14Y trendline
- Cup & Handle formation supporting the bullish trend
Short Term target is 135. Long Term Target is 290 which also includes multiple consolidation phase.
Note; This is only for knowledge sharing and is my personal opinion and am not a registered analyst.
Positive Signals:
- Trading above monthly 200 MA
- Trading over 14Y trendline
- Cup & Handle formation supporting the bullish trend
Short Term target is 135. Long Term Target is 290 which also includes multiple consolidation phase.
Note; This is only for knowledge sharing and is my personal opinion and am not a registered analyst.
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