As the stock breaks through its weekly resistance level, it's like breaking through a barrier, signaling potential for a price increase. The MACD indicator, which tracks momentum, just showed a bullish signal by crossing its signal line, indicating upward movement. This is further confirmed by a surge in trading volume, suggesting increased investor interest. Adding to the excitement, the stock's Piotroski score—a measure of financial strength—is a solid 9, indicating a fundamentally strong company. In simpler terms, all signs point to this stock being a winner, with both technical and fundamental factors aligning for potential gains.
*Let the stock retest in daily time frame.
Do comment to motivate me to post more such ideas it takes me a lot of time analysing such stocks :).
*Let the stock retest in daily time frame.
Do comment to motivate me to post more such ideas it takes me a lot of time analysing such stocks :).
Trade closed: target reached:
TARGET REACHED
Comment:
to the moon