Based on the chart analysis, it appears that the stock is reaching a potential bottom point. This is indicated by a bullish divergence pattern at the all-time low, which typically suggests a possible reversal of the downward trend. Additionally, the stock has recently broken through a short-term resistance trendline, indicating a possible upward momentum.
Disclaimer:
However, it's important to note that these are short-term trading strategies and should be used with caution. It's always a good idea to consider the overall market conditions and the company's fundamental analysis before making any investment decisions. This is only for educational purpose.
Disclaimer:
However, it's important to note that these are short-term trading strategies and should be used with caution. It's always a good idea to consider the overall market conditions and the company's fundamental analysis before making any investment decisions. This is only for educational purpose.
Trade closed: target reached:
Target achieved!!