Precision Camshafts Ltd.
Long

Precision Cams Breakout on Weekly Chart

69
Precision Cams has given a breakout on the weekly chart, retesting the breakout level and now moving higher. This is a bullish sign and suggests that the stock is poised for further upside.

The stock is trading with good volume and is maintaining a supportive trendline. It is also nearing the ATH resistance zone, which could provide a good entry point for traders.

Key Trading Points:

Breakout on weekly chart
Retest of breakout level
Good volume
Supportive trendline
Nearing ATH resistance zone

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