• On the daily chart, the stock has confirmed “inverse head & shoulder” reversal formation on a closing basis indicating strong come back of bulls
• The stock has recaptured its 50 , 100 and 200 day SMA and rebounded very sharply
• Rising volumes on a rally implies increased participation at breakout zone
• The daily “band bollinger” buy signal reconfirm positive bias
• The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
• The above analysis indicate upside of 1230-1255 levels.*Holding period is 3 to 4 weeks.
• The stock has recaptured its 50 , 100 and 200 day SMA and rebounded very sharply
• Rising volumes on a rally implies increased participation at breakout zone
• The daily “band bollinger” buy signal reconfirm positive bias
• The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
• The above analysis indicate upside of 1230-1255 levels.*Holding period is 3 to 4 weeks.
Comment:
19 APR HIGH 1184