LAURUSLABS
had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start. A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up.
A Long Term Target of 449.05 is quite possible. This would be a 25.85% Return on Investment and a Reward to Risk of 3.61 in the monthly chart.
Comment:
2:1 RR achieved but should be held for Full target.
Trade closed: target reached:
Atlast Target has been achieved...
