Technical summary - 1. Stock was in a long term downtrend from 2017 highs of 320 2. Higher high and higher lows formation that indicates trend reversal 3. Rounding bottom pattern was clearly visible in weekly chart followed by a breakout with big volumes 4. Last time when similar volumes were seen then stock made a big rally from 100 to 320 in a very short term duration 5. Inv head and shoulder on weekly chart also denotes bottoming out and stock is ready for uptrend
Sentimental aspects - 1. All brokerage stocks are making new highs, this stock looks ready for rally
Trade - Go long and keep a stop loss of closing below either 90 or 80 depending on your risk appetite
Targets are 151 and 199
Good luck.
Note
Trade is active.stock opened with a gap up, I bought it at 114 and holding patiently.
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.