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Prima plastics posted yet another tepid set of numbers.
It could test 70s and if 70s is broken, then it would go further down where it will find the support at 50s. Marked the support channel.
The stock has been consolidating after a downtrend and is forming an IHS pattern. The stock might soon breakout above the neckline
Its long term trend is quite bullish.
In weekly, it just bounced from a trend line support. Also lower BB is moving up, and price bounced from lower BB.
with a sl below the trend line support, one may aim for 305 as 1st tgt.