- The stock has cleared its downsloping trendline resistance, suggesting early signs of strength.
- Weekly RSI also shows similar strength.
- Further confirmation of price strength would come when stock clears 1700.
- Bullish outlook remains valid as long as price sustains 1360 (previous near term high formed at trendline).
Trade active:
Stock has cleared its resistance of 1700, further suggesting strength in upmove!