After a cup with handle breakout the stock went into a consolidation of 13weeks. Today we experienced high IV and stock firing up 6% intraday. A low cheat entry triggered for me today so took an entry while closing hours. 96 is the the crucial level to watch for. A weekly close above it would confirm an upward bias move. Stock is trading above all key moving averages. As per the trend based fib probable target levels are 117 - 138 - 165. A weekly close below the 75 would invalid this view. This should be considered as a Stoploss.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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#PRECWIRE Both targets achieved in 3rd and 4th Week 95.70 —» 117 -->> 138, High made of 141.
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All targets are achieved except the last one. After consolidating for 16 weeks and 24% range it has again broke the base. 106 will be the main support and 118-121 shall act as initial support for now.
165 - 244 - 323 are the levels that can be tested over the long term.