PERSISTENT SYSTEM - (LONG) WEEKLY MULTIPLE BOTTOM SUPPORT.
Stock price has reached its long term support of multiple historical bottoms placed around 555 on the weekly chart
RSI is placed around 40 and showing some strength.
Stochastic oscillator has reached oversold zone and just crossed its signal line upside, indicating the chances of bullish trend reversal.
Stock is on the verge of forming bullish engulfing candlestick pattern on the weekly chart
So One can buy PERSISTENT @ 560, for a target of 625 and keep stop loss at 545. - SB7 INVESTMENTS.
RSI is placed around 40 and showing some strength.
Stochastic oscillator has reached oversold zone and just crossed its signal line upside, indicating the chances of bullish trend reversal.
Stock is on the verge of forming bullish engulfing candlestick pattern on the weekly chart
So One can buy PERSISTENT @ 560, for a target of 625 and keep stop loss at 545. - SB7 INVESTMENTS.
Trade closed: target reached
