Ready To Break Resistance With High Momentum
The stock has shown a strong bounce from the 50 EMA level, which acted as support around 1300. It is now approaching the 1450 level a significant resistance zone. A breakout above this level could see the stock target 1700, which would represent an 18% upside.
The volume has increased, indicating renewed interest, while the RSI is recovering from oversold territory, suggesting a potential shift in momentum. Traders should watch for a strong breakout above the 1450 level to confirm further bullish action.
The volume has increased, indicating renewed interest, while the RSI is recovering from oversold territory, suggesting a potential shift in momentum. Traders should watch for a strong breakout above the 1450 level to confirm further bullish action.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.