UPL () Next What?
Let look at beaten Down Stocks exhibiting the bullish Momentum, divergence and failed break down type set ups that create an environment where stocks can really squeeze to the upside, price break down below a key support level – Stopping out longs and suckering in shorts and then reverses quickly – forcing shorts to cover longs that sold to get back in and new lows who are witnessing to pile on.
A Great example of this is UPL which recently broke down below support at 243 and has quickly reversed to start the week. As Long as Prices above 385, then this squeeze thesis is intact and any weakness can be bought with a target near 500 else it will retrace it to 250 odd levels again
This also fits into our broader thesis surrounding Cement stocks, which continue to show a ton of relative strength as a group.
Donachian Level Lower Level 336 , , Basis 382 which is stock is trading at current levels if breaks can go long up to which will be 61.80% retracement level
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Pls consult your financial advisor before investing in any of the financial instruments.
Let look at beaten Down Stocks exhibiting the bullish Momentum, divergence and failed break down type set ups that create an environment where stocks can really squeeze to the upside, price break down below a key support level – Stopping out longs and suckering in shorts and then reverses quickly – forcing shorts to cover longs that sold to get back in and new lows who are witnessing to pile on.
A Great example of this is UPL which recently broke down below support at 243 and has quickly reversed to start the week. As Long as Prices above 385, then this squeeze thesis is intact and any weakness can be bought with a target near 500 else it will retrace it to 250 odd levels again
This also fits into our broader thesis surrounding Cement stocks, which continue to show a ton of relative strength as a group.
Donachian Level Lower Level 336 , , Basis 382 which is stock is trading at current levels if breaks can go long up to which will be 61.80% retracement level
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------
Pls consult your financial advisor before investing in any of the financial instruments.
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