Usually, this stock has history of consolidation of about 35 bars and then steadily raised Scenario 1: Above history may repeat to rise for another 1 year Scenario 2: consolidation your continue for 6 months for normal stocks before it doubles it value
Scenario 3: it may test the new low after 35 bars to check the buyers demand at lower levels. Sl compulsory Duration : 2 years upside potential of 50 to 90%
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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.