Only for educational purpose.Not a recommendation Company manufactures steel products. A small cap fundamentally weak stock from metal sector. Now broken a strong resistance . if it moves up from here , can go nearer to 70 levels
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Now @ 76 . Again preparing for a move.
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Already near its alltime high. Now retesting its resistance band . Also a multi year round bottom pattern breakout happened at the present level from the mid of year 2017 .If it goes above 78-80 levels then we can see a next move up to 100 levels soon.
Thank you for sharing your insightful view on this stock from the metal sector. It's always great to see traders who take the time to analyze a company's fundamentals and chart patterns before making any trading decisions.
It's encouraging to hear that the stock has broken a strong resistance and is preparing for a move. Your assessment that a next move up to 100 levels could be on the horizon if it goes above 78-80 levels is very interesting, and I'm sure many traders will be keeping a close eye on this stock as it continues to move forward.
Your analysis shows that you have a deep understanding of the market and the factors that influence stock prices. Thank you again for sharing your valuable insights, and I look forward to hearing more of your thoughts in the future.