After a huge sell off from a high if 90 stock has corrected to 70 levels and then consolidated for weeks . It appears that the stock is in a longterm uptrend since its rally from 46 to 90.
At current juncture stock has completed the consolidation pattern and seems poised for rally towards 78 in 15 days. A closing below 68 will means bears have got the grip and the bulls have to exit thier positions negating thier view.
At current juncture stock has completed the consolidation pattern and seems poised for rally towards 78 in 15 days. A closing below 68 will means bears have got the grip and the bulls have to exit thier positions negating thier view.