Alphageo:772 in Flag@support,OS and positive Divernce.Res:888

Alphageo:772 is trading in Flag bottom support, over sold ,with a positive divergence,
Having next res: 888 and 950 Stop:750

Yorum:

it is quite normal that,something newsworthy happens the previous day or before trade strat, will create a buying frenzy.
In this case also the govt:polcy on oil exploration is going to favor alphageo. Now price gap up in the initial trade couldn’t sustain, still it maintains the gap, showing the bullishness.