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Dec 3, 2023 9:58 AM

Multi year breakout Long

NESCO LTDNSE

Description

The stock recently achieved a multi-year breakout, and this breakout was supported by substantial trading volumes. Additionally, there was a recent double bottom breakout on the weekly chart, and this breakout occurred following a period of meaningful consolidation. The combination of a multi-year breakout and a double bottom breakout, both with good volumes, suggests a strong technical position. Traders and investors may view these signals as positive indicators of potential sustained upward momentum in the stock.
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