After a straight line rally, stock made a Drop-base-drop and again a base. So can it be a drop-base-rally?.
On weekly TF stock has made a base near 2000 making it a strong support area. Also a short trend line and a long trend line broken.
50 EMA breach on weekly and also support taken on monthly TF.
Looking good for upside if close above 2500.
Short term tgt 2800/3000/3200
Long term tgt 3800/4200
On weekly TF stock has made a base near 2000 making it a strong support area. Also a short trend line and a long trend line broken.
50 EMA breach on weekly and also support taken on monthly TF.
Looking good for upside if close above 2500.
Short term tgt 2800/3000/3200
Long term tgt 3800/4200