1) Breakout in daily, weekly & even monthly time frames.
2) Breaking out of a down trend of 12 years.
3) Look at the momentum of the move after CORONA.
4) Look at the volumes rising after CORONA.
5) Plot a 50 EMA , you'll see a recent bounce from it.
Hold it for a month or a year until it touches the All time high.
Stoploss- The trendline.
2) Breaking out of a down trend of 12 years.
3) Look at the momentum of the move after CORONA.
4) Look at the volumes rising after CORONA.
5) Plot a 50 EMA , you'll see a recent bounce from it.
Hold it for a month or a year until it touches the All time high.
Stoploss- The trendline.
Comment:
Possibility of a breakout on 9th of Feb. Watch for intraday movement.
Comment:
Not going to be easy....after all it's a decade long breakout. Patience is virtue.