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UFO Movies - Buy idea
we can see great move on breaking above trendline resistance
Very Good R:R
15-01-18: Medium Term
Wave 5 Pending
Buy 515, SL 495 (CB)
Target1 - 640, T2 - 725
Sell UFO Movies with a Target of 350 & SL of 397.
Chart is self explanatory.
stock formed double bottom and breakout form downtrend line.
it also retested downtrend line.
buy range 440-470
Target: trail sl only( levels to exit. 520 580)
Stock has completed forming a double bottom or rounding bottom or whatever you want to call it.
MACD and RSI shows positive divergence. If 480 can be breached, Tgt1 - 504, Tgt2 - 532
closing above 471 on daily basis will bring 520+