Long
“Down-Sloping” Traendline Breakout
Updated
On the daily chart, the stock has witnessed a strong breakout from its six months “down-sloping” trend line breakout indicating short term trend reversal
The stock has recaptured its 20 and 50 day SMA and rebounded very sharply
Rising volumes near breakout zone implies increased participation
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 1275-1310 levels.
*Holding period is 3 to 4 weeks.
The stock has recaptured its 20 and 50 day SMA and rebounded very sharply
Rising volumes near breakout zone implies increased participation
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 1275-1310 levels.
*Holding period is 3 to 4 weeks.
Note
11APR HIGH 1240
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