Exide CMP 393
Fibs- the correction to 50% from a higher swing is strength.
RSI - the oscillator on both the monthly and weekly is above the bull zone indicating the longer term trend is intact.
Commposite- the retest of the maximum spread on the oscillator is telling me the bottom is in place.
Conclusion - The stock is corrected 50% and the technical set up is still indicating a buy. the first tgt is at 507 ,once this zone is broken then it will make new highs.
Fibs- the correction to 50% from a higher swing is strength.
RSI - the oscillator on both the monthly and weekly is above the bull zone indicating the longer term trend is intact.
Commposite- the retest of the maximum spread on the oscillator is telling me the bottom is in place.
Conclusion - The stock is corrected 50% and the technical set up is still indicating a buy. the first tgt is at 507 ,once this zone is broken then it will make new highs.
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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.