Overall the stock is in a sideways trend since 2009. The stock have been trying to Breakout of a major resistance but only succeeded once. Last week's stock spike accompanied with volume spike if sustained next week then it might be able to BreakOut of the resistance. The short-term EMAs are also in a Positive Cross-over state.
If the stock BreaksOut, then the upside target may be in the range of 222. If the stock is unable to BreakOut then on the downside we may expect it to go down to 102 range.
Keep monitoring the price-action during next week!!
If the stock BreaksOut, then the upside target may be in the range of 222. If the stock is unable to BreakOut then on the downside we may expect it to go down to 102 range.
Keep monitoring the price-action during next week!!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.