Mcdowell: Be careful with longs as the stock may test trendline.

harsh1par Updated   
The stock has broken a well-established trendline resistance and moved up. But price action is not convincing enough for next 100 points rally.

Current data suggests it will touch the trendline again before making the up-move..

Conclusion: Short term retracement, long term bullish .

Take your trade at your own risk. This study is only for educational purpose.
Comment: Told ya! 673 from 682. Buy near 660-670 range for 750 now.
Trade active: Hope you guys must have bought near the low today: 664 :) Enjoy levels now.
Comment: 664 to 710...in 2 trading days..going as calculated..
Comment: 673 to 730..enjoy trading with technical chart and data..

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.