Weekly showing a rounding pattern breakout in progress taking out a 4 year old previous resistance
The last daily candle is wide range bullish . Momentum indicators is bullish on all timeframes short medium and long
while trend indicators are bullish as well with ADX strength of trending seeing rising up on all frames
and therefore continuation of price up move is likely.
#canfinhomes potential multiyear breakout in the making
a green close above 666 could mean a breakout from a 4 year old resistance
volumes are high and momentum also is in bull zones on all timeframes.
stops need be below breakout candle.
stock is taking resistance at 600 from 5 days
buy above 600 in Intraday or safe above 620
if buying above 600 than note that stock should open below 600 and than break 600 level.
keep stoploss 590 in this case.
for target 618- 620 will work as resistance if breaks 620 than it may run more.