Gann levels study
Tomorrow 1/4 support should hold for any up move from there, else to complete the channel, a level of 635-640 can be seen in short term.
Enter at 4125-4135. Target, I am not sure, but the chart is showing 4900(+).
If it does not breks out the channel, 1025-1050 can be seen in short term.
Broke out but returned from resistance at 180 and it is hoped that the stock closes above for long up move to 233 in medium term
Should cross 395 on closing basis for further up move
Stop loss at 61.50 and target in short term is 69.25
Support is at 127 and one can have a target of 227 in medium term
One can have a stop loss of 135 and expect to reach a target of 185 in short term.
Descending 1/2 angle encountered, minor set back should move up after a little consolidation. Support at 625
Gann levels
Support at 820.70. Effect of double bottom is not yet visible.
If waterbase closes above 225, in short term we may see a level of 270. Support at 202
It seems the stock will hit the roof of the channel at 810 very soon. Will we see a breakout of the channel from there? Depends on the bullishness of the stock.
One of the stronger stocks. For the moment looks to have peaked around gann resistance. Bulls need to be cautious. Optimistic scenario would be consolidation between 540 and the recent hgihs