KIC Metaliks - Can history repeats?????

14 Nis 2022

KAJARIR

Time Frame – Monthly

Technical Observations -
1) Rounding bottom & Cup and Handle pattern breakout done on weekly chart
2) Price sustain above weekly 200 SMA
3) If we see on chart that last 2 times (i.e 1 & 2 ) price go upto till 1.414 of fibbo level by forming rounding bottom pattern.
4) If we consider the same fibbo level i.e 1.414 the good upside potential seen
5) See other details on charts

Resistance – 92/116/136/170
Support – 45 & Weekly 200 SMA

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