After overtaking 2020 price level in very 1st week of new year, stock made 52W H and highest daily close on 20-Jan
It followed a week long weaker prices while closing January.
Today's close price makes a new high on closing basis.
It has high Relative strength, Trending indicator rising, Positive movement value setting tone for further rise in stock price.
There is a fundamental side event on 10-Feb by quarterly results.
There is a macro side push for the stock with thrust on electrical infrastructure, more specific the one where electricity consumer will have option to choose a Distribution Service Company. This policy change is BIG push for world class upgrade in the Electricity Distribution Infrastructure across country.
Stock may get ripe to move to year 2019 prices in coming weeks.
It followed a week long weaker prices while closing January.
Today's close price makes a new high on closing basis.
It has high Relative strength, Trending indicator rising, Positive movement value setting tone for further rise in stock price.
There is a fundamental side event on 10-Feb by quarterly results.
There is a macro side push for the stock with thrust on electrical infrastructure, more specific the one where electricity consumer will have option to choose a Distribution Service Company. This policy change is BIG push for world class upgrade in the Electricity Distribution Infrastructure across country.
Stock may get ripe to move to year 2019 prices in coming weeks.