Breakout after a year of consolidation
PDMJEPAPER - Range Breakout and strong trend indicationsTrend Analysis :
Taking support at 50% we are moving aggressively to the upside breaking out from range. While the paper sector is performing great, this is my pick for a mid-term trade.
Though I might be a little late to post this, I still have high faith in this.
Chart Summary
> Breakout from range
> Strong trend
> First Target can be 55
> T2 can be 60 (Height of consolidation zone and Fib 1.27%
Invest at your own risk. I'm up for a healthy discussion, Comment below to start one ;)
Disclaimer
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.