The chart pattern suggests breakout tomorrow. Reasons: - Just close to 52W High - Cup and Handle Formation - Volume spike observed - RSI : 62, indicating bullish trend but still not overbought - ADX : 37, suggesting a strong trend
This stock seems to touch its previous 52W high soon, and atleast reach the all time high of 680. High volumes seen in the counter to support the uptrend. Supported by Other Technicals: RSI - 64 (bullish and not overbought) MACD is above its center and signal Line ADX - 50 (indicating strong trend)
Amber has entered into the growth phase after a long period of decline and consolidation. It has just crossed its resistance line, and looks ready for a breakout to levels of 3300 and 3700 respectively. The volumes and technicals are supporting the movement upside. The earlier resistance at 3000 is now acting as support. Symmetrical pattern can go either ways....
This stock has formed the classic cup and handle pattern indicating a possibility of a breakout. It can be bought at current levels for a near term target of 460 and 480 respectively. Stop loss can be maintained at 380, which is the bottom of the handle. Supporting Technicals: RSI: 66.6 (Bullish but not overbought) ADX: 34.8 (suggesting strong trend) MACD is...
The price can go either ways, and will happen soon as the triangle nears the end. The technicals suggest bullishness, but wait for signals.
Technicals and Volumes are suggesting that a BO is possible above 460, but wait for sometime before taking a decision. Also, the results are expected on 29th, which can impact the trend either ways.
The stock is currently trending in a flag pole pattern and looks to be a good break out candidate. Results are expected tomorrow and are expected to be good. Other Supporting Technicals: RSI - 64 (bullish but not overbought) ADX - 26 (suggesting strong trend) MACD is above its center and signal Line, this is a bullish indicator.
The chart forms a cup and handle pattern supported by high volumes in the counter. The other technicals are supporting the probability: RSI - 68 (Since it is not in the oversold territory it makes room for higher profits) MACD is above the centre and signal line which is another bullish signal ADX - 42 (It indicates the strong trend of the movement, which is...