Power Finance Corporation : Bullish OutlookAfter a brief excursion below the blue fork, price is now flirting with the lower parallel of that fork. A breakout above the swing high of 130.4 would push the price back into the blue fork and also trigger a fresh buy signal in the Point and Figure Chart.
The stock looks bullish across Daily, weekly & monthly time frame. Expect a swift move once price gets deeper into that ellipse highlighted in the chart.
I would not be surprised if the stock rushes to the middle line of the blue fork. The recent swing low at 100 would be the major support for the stock.
