“Consolidation Range” Breakout
Updated
On the daily chart, the has confirmed “consolidation range” (640-530) formation breakout at 640 levels on a closing basis
This breakout is accompanied with huge volumes which signals increased participation
The stock has recaptured its 20, 50, 100 and 200 day SMA and rebounded very sharply
The daily and weekly “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 695-720 levels.
Time period is 3 to 4 weeks.
This breakout is accompanied with huge volumes which signals increased participation
The stock has recaptured its 20, 50, 100 and 200 day SMA and rebounded very sharply
The daily and weekly “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 695-720 levels.
Time period is 3 to 4 weeks.
Note
Target AchieveNote
HIGH 686 11 APR
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