“Rounding Bottom” formation Breakout
On the weekly chart, the has confirmed “rounding bottom” formation breakout at 1500 levels on a closing basis
It has also confirmed higher tops and bottoms indicating strong up trend
The stock has recaptured its 20, 50, ,100 and 200 day SMA and rebounded very sharply
Huge volumes around breakout zone implies increased participation
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 1685 levels.
Holding period is 3 to 4 weeks.
It has also confirmed higher tops and bottoms indicating strong up trend
The stock has recaptured its 20, 50, ,100 and 200 day SMA and rebounded very sharply
Huge volumes around breakout zone implies increased participation
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 1685 levels.
Holding period is 3 to 4 weeks.
Note
19 APR HIGH 1756
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.