Is the current move of SUNTV just a throw back of its breakout?
550 plays a very important support level even psychologically and technically. It has also retraced and reversed from very important retracement level which coincide with major support.
ACC breakout of an Ascending Triangle with momentum. The height of the pattern suggests an upside target in the range of (1730-1735). However we notice a fine Fibonacci Retracement confluence at 1720, which will be an interesting level to keep a watch for. A throwback to the breakout level of 1705 should no be discounted.
