Stock price forming rounding bottom pattern of 5 years, volumes are seen increasing with price from last few months but financial of the company are still weak. A weekly or monthly close above 50 is the trigger for entry
On the weekly charts look at the similarity of breakouts:
- A trendline breakout as well as
- A Range breakout
The targets work out to be close to 55 levels based on past data.
Will it respect the past and oblige ? Just 6 weeks to know