Colpal - Negative Trend Reversal
Colpal was correcting from 1823 on 26/07 down to 1393 on 20/12. After consolidating for about a month, it is showing increased interest.
Positive RSI Divergence:
Positive RSI divergence observed since 20/12
44 DMA Breakout:
Today's candle opened above 44 DMA and morning hours observed good volumes till now
Double Bottom:
It seems it created double bottom today with the second bottom above the previous
It has huge upside potential due to its lengthy previous downfall.
SL: 1375
Positive RSI Divergence:
Positive RSI divergence observed since 20/12
44 DMA Breakout:
Today's candle opened above 44 DMA and morning hours observed good volumes till now
Double Bottom:
It seems it created double bottom today with the second bottom above the previous
It has huge upside potential due to its lengthy previous downfall.
SL: 1375
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