Stock breakout of the short term resistance line;
Now falling back to retest the previous supply level.
Can retest at either of the two levels, although the first level looks more probable.
Supply very less. Lets see how the market plays out.
Huge demand at the levels of 92.
Further recent correction after 105, is very slow in comparison to the rise to 105, indicating very less supply.
Stock very close the short term trend line, one can buy there and wait for targets to achieve.
Levels shown on the chart
Long on the retest
Stock at strong demand zone, narrow spread, with low volume reflects very less supply
Further price rejected the demand zone break, and came back strongly on increasing volume, indicating a shakeout of weak shorts
Charts shows downfall continuation. Can retrace a bit to shakeout the weak shorts and then continue the downfall. Levels shown on the chart. Views welcome.
Not entered yet. Would like to see how price action plays out.