Today it rebounded from 2/1 resistance line. We do not know if it will consolidate or break out. It is better to watch 2 to 3 days to see if it crosses 2/1 resistance line convincingly.
281.90 - 282 Gap Support CCI D crosses 100 Reversal confirmation TGC with strength Verge Of BoxBO C> 302.05 and H > 309 with strength confirms BoxBO Target 345 Duration: 1- 1.5 months
Though not a STRONG Breakout ; a worthy watch for a long move.
TGC with strength CCI(D) crosses 100 CCI(M) >100 Target 348 if crosses resistance 302.35 SL 268
Reversal confirmation with strength and momentum CCI(D) crosses 100 CCI(M)>100 TGC alignment all throughout the HTF Target 302 / 348 / 421 (Wave 3)) SL 239
Technical : Price Channel Target @ 380 Chart Pattern : “Bullish Price Channel” Main Trend Line : At 8 Dec 2017, 18 Dec 2017, reaction lows formed the beginning of the main trend line . Subsequent lows in 03 January 2018, and 10 January 2018 confirmed the main trend line . Channel Line : Once the main trend line was in place, the channel line beginning...
Chart pattern has formed an ascending triangle. Longs can be initiated. sl close below 192 tgt 201 cmp 201 Disclaimer: I am a novice at charting and views expressed here are for purely educational purpose. Views and opinions are welcome.
West coast paper mills has broken the long term resistance with high volume indicating bullishness. The stock is having good uptrend for a long duration. One can go long above 148. Investment stock. In one year I expect the stock will gain 40 to 50 points. PS : Dear traders, please write your views in comments.