Campus: Channel Breakout Above 280Details:
Asset: Campus Activewear Ltd
Breakout Level: 280
Potential Targets: 300, 320
Stop Loss: 268
Timeframe: Short-term
Rationale: Campus has formed a bullish channel and broken out above 280 with strength. Sustained price action above this level indicates continuation of upward momentum.
Market Analysis:
Technical Setup: Channel breakout supported by volume; price sustaining above resistance zone.
Sector View: Footwear and lifestyle retail is gaining traction post-earnings season and seasonal demand trends.
Risk Management:
Maintain a stop loss at 268 to manage downside risk.
Timeframe:
Upside move expected within the next few sessions to weeks.
Risk-Reward Ratio:
Favourable with minimal downside and 1:2 or better potential reward.
Watch for strong closing candles above 285 for further confirmation.
