Automotive Axles Ltd (Weekly Timeframe) - Potential Reversal ??After the Double Top formation (May 15, 2023) in weekly timeframe, the stock has been in a downtrend. With this week's price action, the stock seems to BreakOut of a Weekly resistance zone with good volume. EMAs are also in positive state.
A Long-term angular resistance BreakOut along with Short-term resistance BreakOut makes this more significant to consider as a reversal sign. Watchout for next week's price action to determine if the reversal signs are intact or not. If it does, then the next target maybe 2,100.
