DIXON : On the verge of Breakout
My Observations:
1. Dixon has formed a nice inverted Head & Shoulder pattern by down to sideway consolidation of approx. 10 months.
2. Breakout above 4700 (which is also a previous breakout level) will lead the stock to the final price target of 6135.
3. All Daily EMAs 20/50/100/200 are crossing up sequentially & moving up, confirming a strong uptrend for the stock.
1. Dixon has formed a nice inverted Head & Shoulder pattern by down to sideway consolidation of approx. 10 months.
2. Breakout above 4700 (which is also a previous breakout level) will lead the stock to the final price target of 6135.
3. All Daily EMAs 20/50/100/200 are crossing up sequentially & moving up, confirming a strong uptrend for the stock.
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.