My Observations: 1. Dixon has formed a nice inverted Head & Shoulder pattern by down to sideway consolidation of approx. 10 months. 2. Breakout above 4700 (which is also a previous breakout level) will lead the stock to the final price target of 6135. 3. All Daily EMAs 20/50/100/200 are crossing up sequentially & moving up, confirming a strong uptrend for the stock.
Levels are mentioned in Chart. Disclaimer All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Disclaimer All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial...