1.Ascending triangle breakout done
2.Pattern like a round bottom formed and breakout done.
3.Closing above 514,it may go further upto 523-528 range.
4.All Daily indicators showing bullish signal and Weekly indicators are turning to bullish from bearish.
The stock is trading within a channel of 550-595 since November 2017. will it break that?
Let's find out - Close below 550 with volumes will indicate that.
Entry below 547 with SL of 557, for targets of 538/523/500 and below levels
The stock has been consolidating in a tight range recently. Notice the convergence in the Bollinger Bands, suggesting a potential "squeeze". The price has also bounced off the lower line of the trend channel, which is another positive sign. This stock is in my watchlist.