GNFC moving through a channel and the last wave is taking
support at good support zone and bounce
Candle formation also attractive
Technically it can touch 282-289-296-304 and more
Upper channel line is a 318-321 zone which also achievable
Sideways Trend - Price moving through a channel
Powerful demand zone is 91-90, so it should not break
otherwise stock can fall to the downside
If that support zone hold successfully then
technically it can rise to 108-113-118-122
Pattern - Falling wedge
As per technical Wockhard will touch 413-414 first
And it will break it successfully
then we can see 419-424-4324-442 and more (short/Mid term)
This post is only for study purpose
Good bounce from demand zone and now able to broke the supply zone also. Stock may retrace to 304-298 zone but for short to mid-term it can turn bullish movement to 325-342-353-366-378 and more
PEL has created a good double bottom at good demand zone. The sideways channel is indicating stock can moving up to 2156-2206-2262-2316-2375-2410 and more.
This post is absolutely for learning and knowledge sharing purposes.
Gail is creating a falling wedge pattern after breakout of channel resistance. Looks like it can test its wedge support line @225.6 and if it will break then 223-221 possible also.