Coromandel Intl: Will The Breakout Happen?
Updated
Your guess is as good as mine with respect to the above question. Better to wait for the price to display its intentions. A breakout past the high of the trading range would be a positive outcome and could propel the stock into a mark-up phase.
Please be reminded that, this is a monthly chart and it makes sense to wait for monthly close above the range before jumping to conclusions.
Please be reminded that, this is a monthly chart and it makes sense to wait for monthly close above the range before jumping to conclusions.
Note
Price has managed to edge above the upper end of the trading range. If we get a strong close today (weekly close), it would be a major sign of strength and could mark the start of a big trending phase. This stock is in my watchlist and comes across as a Wyckoff Reaccumulation candidate
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