After a strong upmove last year, the stock has been trading in a broad channel. A potential W pattern is in the making with the price taking support at the bottom of the channel twice.
Expecting a strong upside move the current levels. One can also wait till the price breaks 2093 resistance to confirm W trend.
Let me know your thoughts in comments.
Expecting a strong upside move the current levels. One can also wait till the price breaks 2093 resistance to confirm W trend.
Let me know your thoughts in comments.
Yorum:
Entry 1 proved to be a good option.