Buy BOMDYEING above 280 with short term target of 320 and SL of
The stock tested highs of 301 in late 2017 and has not made any major headway since then. It is moving in a broad trading range over last couple of weeks. A rounding bottom formation is observed within a large symmetrical triangle. Such formations have larger possibilities of getting resolved with a breakout on the upside. The prices have closed above the upper Bollinger bands on the Daily Charts. Though short term pullback inside the bands is likely but on a broader note, upward momentum may continue. RSI is seen breaking out of a formation and has marked a fresh 14-period high which is bullish.
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