CIFS - Technical Analysis

After a spike in Feb 2019 the stock has been consolidating for the past 2 months. With a nice cup and handle formation with the handle consolidating the stock is at the apex of breakout. The stock is also staying above 21 EMA on daily. A breakout at these level first target would be previous high range of 5.26 and then a long target of 8.15

Be causious of the fact that this stock reacts wildly on USA vs China trade talks. Always safe to have Stops at 3.05 to 3