SULA

Mar 3

• The stock has been in an uptrend since its listing.
  
• Current correction of 25% from its all time of 699 is in line with the past price corrections in the stock.
  
• The stock is finding support at the 38.2% FR level as seen by the Hammer Candle formation on the Weekly.
  
• Previous consolidation high is also at 535, can provide support.
  
• If the stock survives 535-548 zone, we could see a new high soon.