The stock is currently below its 200-day moving average (MA).
It is exhibiting a consistent trading pattern within a range of 160 to 190, constituting a 20% range. At the lower levels of 150, a W pattern is beginning to take shape.
From a fundamental perspective, the company is reporting its highest-ever figures in terms of revenue and profits. Stock declined due to resignation of a senior management person.
Target can be 190.
It is exhibiting a consistent trading pattern within a range of 160 to 190, constituting a 20% range. At the lower levels of 150, a W pattern is beginning to take shape.
From a fundamental perspective, the company is reporting its highest-ever figures in terms of revenue and profits. Stock declined due to resignation of a senior management person.
Target can be 190.
Trade closed: target reached:
Target achieved.