Colpal was correcting from 1823 on 26/07 down to 1393 on 20/12. After consolidating for about a month, it is showing increased interest.
Positive RSI Divergence:
Positive RSI divergence observed since 20/12
44 DMA Breakout:
Today's candle opened above 44 DMA and morning hours observed good volumes till now
Double Bottom:
It seems it created double bottom today with the second bottom above the previous
It has huge upside potential due to its lengthy previous downfall.
SL: 1375
Positive RSI Divergence:
Positive RSI divergence observed since 20/12
44 DMA Breakout:
Today's candle opened above 44 DMA and morning hours observed good volumes till now
Double Bottom:
It seems it created double bottom today with the second bottom above the previous
It has huge upside potential due to its lengthy previous downfall.
SL: 1375
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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.