CreditAcess Grameen Standing near a crucial trendline support!Chart of Creditaccess is quite interesting.
Stock has a trendline support from which it has bounced multiple times in past.
Recently, stock has tried to bounce with very very very heavy volumes indicating big money getting exchange.
Given the history of the stock, we should at least expect 100% upside from this level. But it ccan also be a trap and stock can breakdown from here.
A safer level to watch is would be a weekly closing above 1110.
Support is 800 WCB for stock.
On upside, stock can go to 1480, 1710, 2000++
Very very risky. It can be a bottom fishing or a trap.
Idea shared for educational purposes only. We all should just watch what will happen from here and learn from it.
