Just my analysis to track hits and misses.
Looks interesting for break on upside.
can see volumes picking up for last few weeks and also a good buying pressure.
After a long downtrend stock came under consolidation making a parallel channel, forming a inverse flag type pattern.
can see good upside potential form here.
need to wait and watch how it plays out, will it break this channel and trend higher or reverse back to the lower end of the channel ?
i feel the probability of trending upside is higher than the downside scenario.
Just an analysis.
Looks interesting for break on upside.
can see volumes picking up for last few weeks and also a good buying pressure.
After a long downtrend stock came under consolidation making a parallel channel, forming a inverse flag type pattern.
can see good upside potential form here.
need to wait and watch how it plays out, will it break this channel and trend higher or reverse back to the lower end of the channel ?
i feel the probability of trending upside is higher than the downside scenario.
Just an analysis.