Automotive Axles (Long term pick)
An all time high breakout above the horizontal trendline on the back of volumes. Currently the stock is in buying zone. Can be bought around 1900. Once it takes out the rising trendline, it will double in no time. SL should be placed at monthly closing below the BO candle i.e. below 1566. Minimum target - 2x. Favorable RR.
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.