SUMMARY
-stock has created inverted pole flag pattern which is bearish
-ultracemco results have been subdued
-all cement stocks are taking a beating
-ultracemco sets the bar
-now the stock is a high beta
-volatility is huge
-will play the stock thru options
-please wait for the stock to break and close below 500
-it will open up a move towards...
KPITTECH - gives good volume supported breakout.
Thursday (Aug12) BO given with good volume but not sustained and the candle close below the resistance.
Friday (Aug13) given good BO strongly supported by volume.
Look at the same KPITTECH shared earlier, for Resistance Turns Support, gave a massive BO.
Let's see will the history repeats?
Previously shared...