Maybe a Climax Top in Hikal
Hikal Ltd fell 25% on Sep 18 on 10000% volume more than Average Monthly Volume. Generally, such moves are climax top in stock. The stock may drift sideways for months before witnessing a huge fall after the climax top, It pays to be cautious in such scenarios.
Note
Down 40%
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
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.
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
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.