The stock took support at 0.5 Fibonacci Retracement which is a good sign for a reversal.
Travelling in the downward channel , I expect it to breakout in September.
There has been a good accumulation in July as well.
MACD line bend upwards also is in sweet spot for the crossover when it rises.
Travelling in the downward channel , I expect it to breakout in September.
There has been a good accumulation in July as well.
MACD line bend upwards also is in sweet spot for the crossover when it rises.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.