After split the stock has rallied, almost 12% which now has put the prices at resistance zone (106-110) which was acted as a strong support.
The zone is around 106 - 110
-------------------👎🏻👎🏻👎🏻
Some bad about this stock
1) prices trading below 200 day moving average.
2) Price corrected recently 45% which is huge.
3) The volatile metal prices, making business projections , dismal.
4) On chart we are seeing that it is trading below 110 level which was support earlier.
+++++++++++++👍🏻👍🏻👍🏻
Some Good about this stock
1) Stock prices has shown a big rally recently
2) Overall market sentiments shifted slightly bullish , as after expected FED policy.
3) Metal sector overall on chart is bullish in short term.
4) RSI crossed 70 on daily chart , many will argue at this point that it is overbought case, but I don't think so.
5) Quarterly results were average.
=============
Conclusion : Stock will be bullish above breakout of resistance zone , so plan accordingly.
👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
Comment below if you want to add or correct anything.
The zone is around 106 - 110
-------------------👎🏻👎🏻👎🏻
Some bad about this stock
1) prices trading below 200 day moving average.
2) Price corrected recently 45% which is huge.
3) The volatile metal prices, making business projections , dismal.
4) On chart we are seeing that it is trading below 110 level which was support earlier.
+++++++++++++👍🏻👍🏻👍🏻
Some Good about this stock
1) Stock prices has shown a big rally recently
2) Overall market sentiments shifted slightly bullish , as after expected FED policy.
3) Metal sector overall on chart is bullish in short term.
4) RSI crossed 70 on daily chart , many will argue at this point that it is overbought case, but I don't think so.
5) Quarterly results were average.
=============
Conclusion : Stock will be bullish above breakout of resistance zone , so plan accordingly.
👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
Comment below if you want to add or correct anything.
Note
ALL EYES ARE ON 110 LEVELNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.