High Risk, High Gain Setup
This is Weekly timeframe.
After covid crash, this stock have rallied multifold times.
Yes, there are a lot fundamental triggers.
From June 2021 it went sideways, in consolidation phase.
It didn't went far from 0.23 fibo level. If sustained near it and consolidated.
The correction is not more than 30% from top.
These are strength indicators here.
Now for last three weeks it have given strong bullish moves forming
three white soldiers on weekly timeframe.
It have given the breakout from the consolidation channel with volume supports.
Stock is near 52 week high. So stock is ready to make fresh news highs.
That's why this setup is a little more risky, but reward may be good if it rallys.
This for is for information purpose only.
After covid crash, this stock have rallied multifold times.
Yes, there are a lot fundamental triggers.
From June 2021 it went sideways, in consolidation phase.
It didn't went far from 0.23 fibo level. If sustained near it and consolidated.
The correction is not more than 30% from top.
These are strength indicators here.
Now for last three weeks it have given strong bullish moves forming
three white soldiers on weekly timeframe.
It have given the breakout from the consolidation channel with volume supports.
Stock is near 52 week high. So stock is ready to make fresh news highs.
That's why this setup is a little more risky, but reward may be good if it rallys.
This for is for information purpose only.
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