On weekly timeframe the stock has made-up for all those past 7 weeks of loss with a 9.30% gain with huge volume. The stock also BrokeOut of a longterm weekly angular resistance zone. The coming week if it can BreakOut of the short-term weekly resistance with some good volume, then it may go up to 1,944 in the near future, which is the ATH.
In Daily timeframe, a Golden Cross-over is formed as well, that suggests a bullish sign.
Keep monitoring the coming week's price action.
In Daily timeframe, a Golden Cross-over is formed as well, that suggests a bullish sign.
Keep monitoring the coming week's price action.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.