Stock has been moving in an Uptrend channel ever since 2019...
Interesting is the fact that everytime the stock tests the upper trendline of the channel, it has made sure to test 100 EMA .
Putting this behavior into assumption, on breach and close abv 1272 on Weekly closing basis, has potential to hit 1370-1400 and might return back to around 1100, only to go further higher to 1500
Interesting is the fact that everytime the stock tests the upper trendline of the channel, it has made sure to test 100 EMA .
Putting this behavior into assumption, on breach and close abv 1272 on Weekly closing basis, has potential to hit 1370-1400 and might return back to around 1100, only to go further higher to 1500
Note
Tgt 1 - 1400 achieved 👍Trade closed: target reached
Target as indicated by the orange arrow mark at 1523 achieved... Almost 20% within a month holding. This idea stands closed now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.