1 Day left for a breakdown.
The stock has a very small space to float for intraday tomorrow.
Breakout/Breakdown seems to be a possibility.
100 EMA - Blue
200 EMA - Black
Stock is above 200 EMA but below 100 EMA.
200 EMA & our Trendline can act as a support to not let our stock from falling.
If a breakdown happens inside intraday then our first target will be the red zone. It has acted as resistance and support for a while. We can see some profit booking at this level.
200 EMA will be our Stop Loss.
Breakout/Breakdown seems to be a possibility.
100 EMA - Blue
200 EMA - Black
Stock is above 200 EMA but below 100 EMA.
200 EMA & our Trendline can act as a support to not let our stock from falling.
If a breakdown happens inside intraday then our first target will be the red zone. It has acted as resistance and support for a while. We can see some profit booking at this level.
200 EMA will be our Stop Loss.
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