Premco Global Limited
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In-depth trading ideas
Multi Year Breakout + Retesting Done + Cup and HandleChart of the Week !!
Positional Pick !! Don't Miss
Textile Sector on Boom. One of the cheapest trading stock in this sector. Very Good Fundamentals. Debt Free Company.
Earnings release on 12th August, 2021. Expecting Good Numbers. Aggresive Traders can accumulate now and Safe Traders can after results.
Run Away Gap - A gap on a chart representing a sudden and large price movement accompanied by high trading volume. Runaway gaps are caused by increased interest in the stock. A runaway gap usually occurs in the middle of an upward or downward trend and is used to confirm the intensity of the trend.
Premco Global - Possible reversal on the cards?Premco Global has been correcting after the uptrend till around 1000. Now its at around the 61.8 percent retracement level
Based on Vol analysis its looks be in accumulation phase now ( marked inside the rectangle) and a reversal might be on the cards. RSI also rising
Also there is a double bottom on the daily chart



