A nice cup and handle formation in place. UBDL is trending above monthly pivot. RSI, MACD and Stoch all are giving buy signal and increasing volumes are also indicating the same.
Its a reversal stock and may move slowly.
Further targets are 32, 46, 57, 69, 85 and then 105 (its all-time high).
Once it reaches there, 200 can be up for the grabs, but it may take 2-3 years of patient holding.
Its not a buy / sell call, just my personal opinion.
Its a reversal stock and may move slowly.
Further targets are 32, 46, 57, 69, 85 and then 105 (its all-time high).
Once it reaches there, 200 can be up for the grabs, but it may take 2-3 years of patient holding.
Its not a buy / sell call, just my personal opinion.
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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.