With the strong upward pull in the market, the stock is currently trading above the previous week high.
Technical Indicators are BEARISH. ***TRADINGEDGE TIME-TREND INDICATOR is BEARISH as well.***
Nearby resistance is 183 and 197 support is swing low 150 on the weekly chart.
*****Personally, I will not invest in this stock yet. I can see it coming back to the strong demand zone (147-142) in few days. Even the technicals are negative right now.
Wait for the right opportunity.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.