On the daily chart, the stock has rebounded very sharply from its “Bullish Gap” area (802-775) levels
On the weekly time frame, the stock has surpassed its six week’s consolidation range on a closing basis indicating resumption of the up trend
The stock is well placed above its 20, N24 September 50 and 100 Day SMA which reconfirms upside momentum
The daily Bollinger Band buy signal also reconfirmed rising momentum
The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.
The above analysis indicate an upside of 930-955 leve
On the weekly time frame, the stock has surpassed its six week’s consolidation range on a closing basis indicating resumption of the up trend
The stock is well placed above its 20, N24 September 50 and 100 Day SMA which reconfirms upside momentum
The daily Bollinger Band buy signal also reconfirmed rising momentum
The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.
The above analysis indicate an upside of 930-955 leve
Yorum:
ALL TARGETS ACHIEVE.