Long ADCOCK (AIP) Daily

29 mai 2020

AIP is showing strong growth after a terrible knock it took during the coronavirus lockdown. On the chart it is clear that AIP is moving toward its Weekly Rectangle Resistance Level. A breakout is possible out of the daily consolidation block on heavy volume.

The DI + lines is above the DI- lines that indicates more bullish trend movement, with the ADX slanting upwards.
Investors can target a growth of 28%.

TP : R55,20
SL : R39,50
RR : 3,56