Posting this pre-breakout.
METROPOLIS
has consolidated for 6 months after giving a breakout from previous resistance trendline. The stock has so far faced 7 rejections from its new resistance trend line. A breakout from this trendline will be extremely bullish and can gain very high momentum.
Look to enter after breakout at 3500-3600 or at the support trendline at 2900-3000 levels. (incase the stock retraces back).
Company also has decent fundamentals. One can buy and hold for long term investment.
METROPOLIS
has consolidated for 6 months after giving a breakout from previous resistance trendline. The stock has so far faced 7 rejections from its new resistance trend line. A breakout from this trendline will be extremely bullish and can gain very high momentum. Look to enter after breakout at 3500-3600 or at the support trendline at 2900-3000 levels. (incase the stock retraces back).
Company also has decent fundamentals. One can buy and hold for long term investment.
Comment:
*Price has broken out of the pattern. Waiting to break CPR resistance of 3500 levels to enter.*