Stock is taking a good support of the resistance turned support zone
. A good upmove with a spike in volume
will confirm the dominance of bulls over bears. If RSI
remains over 40
levels momentum will be in the hands of buyers thus a good upside potential. But let's wait for the volume
confirmation and we'd be good to go keeping a bias towards upside.
Strong support: 110-115
Disclaimer: Take this view for educational purpose. Trade on your own risk.