WABAG Long Term Trendline Breakout
WABAG consolidating in a tight range for last 8 week and volume is relatively low in down move (Daily chart).
Price consolidating near long term Resistance which is bullish sign and taking trendline support.
Potential upside target - 450, 540, 600
Downside is limited.
I'll wait for price close above 390 or a pullback near 330 to go long.
Price consolidating near long term Resistance which is bullish sign and taking trendline support.
Potential upside target - 450, 540, 600
Downside is limited.
I'll wait for price close above 390 or a pullback near 330 to go long.
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