Symmetrical Triangle Breakout in Nesco

Symmetrical Triangle Breakout in Nesco Ltd .

Stock has finally given breakout from its symmetrical Triangle pattern in weekly chart.

Previously 625-605 was acting as major resistance, but now stock has managed to close above this zone with good volume . Going forward this should act as a good support if price retraces to its previous levels.

Any price between 625-605 is a good price to enter. Stock has potential to reach 1000+ in coming days. Possible stop loss can be at 545. For further Strong upward movement, price has to close above breakout candle.

All possible targets are marked on the chart.

This is just a view, not recommendation to trade. Do your own analysis before making any investment.

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