Strategic Plan for Hikal Ltd.: Targets and Breakout Strategy
Hikal Ltd.
Current Market Price: Around 304
Hikal's shares have been consolidating within a strong range for the past 14 months, consistently finding support between 260 and 275.
Once again, a glimmer of hope has emerged...
We have a plan in place.
We await a weekly closing above 330. We will initiate a buy position after a breakout above the high of that weekly candle.
We'll consider the zone between 320 and 330 as a retest area. If the trade becomes active and returns to these levels, we may consider adding more positions.
Targets:
Initial Target: 420-425
Upon closing above 456:
Hold for 595, then 725, and potentially aim for 800 and 880.
Get ready for an exciting ride with Hikal Ltd.
Current Market Price: Around 304
Hikal's shares have been consolidating within a strong range for the past 14 months, consistently finding support between 260 and 275.
Once again, a glimmer of hope has emerged...
We have a plan in place.
We await a weekly closing above 330. We will initiate a buy position after a breakout above the high of that weekly candle.
We'll consider the zone between 320 and 330 as a retest area. If the trade becomes active and returns to these levels, we may consider adding more positions.
Targets:
Initial Target: 420-425
Upon closing above 456:
Hold for 595, then 725, and potentially aim for 800 and 880.
Get ready for an exciting ride with Hikal Ltd.
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