Going long in Daawat around the previous swing highs

As long as price is above 110 on a weekly closing basis, target remains 200+ with a major resistance at 170 being the 1.618 fibonacci level taken from previous high.. previous attempt was thwarted right at another fib level of 1.272...we may see a more consistent and sustaining upmove towards 170 if the rebound happens from hereon...
SL price closing below 110

Commentaire:

Volumes are not supportive....A major board meeting is looming on the first week of December to get in SALIC with 9% equity in the main company....tracking closely