To regain strength the stock will have to close above 24400

14 Şub 2020

The stock has taken support at a very important pivot. It made an gap down entry on Friday and was able to pullback. 22660 will serve as immediate resistance in the coming week above which the stock may pull up to 24100, 24600 & 25400 levels. However any failure to cross 22660 and a fall below 21600 may push the prices down to 19700. To regain strength the stock will have to close above 24400 aiming for 26590 levels. The MACD has turned bearish and RSI has lost formidable momentum on bullish side.