Higher tops and bottoms
• On the weekly chart, the stock is in strong up trend forming a series of higher tops and bottoms indicating sustained up trend
• This buying was accompanied with rising volumes indicating increased participation on every short term corrections
• The stock is sustaining above 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments
• The daily and weekly strength indicator RSI signals negative crossover indicate rising strength
• The above analysis indicate upside of 260-275 levels.
Time is 3 to 4 weeks.
• This buying was accompanied with rising volumes indicating increased participation on every short term corrections
• The stock is sustaining above 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments
• The daily and weekly strength indicator RSI signals negative crossover indicate rising strength
• The above analysis indicate upside of 260-275 levels.
Time is 3 to 4 weeks.
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