1. Stock has given breakout from descending triangle pattern,
2. RSI is above 50,
3. Fibonacci level of 0.382 (210.25) confluences with fixed range volume profile’s Point of Control Line (marked with red) which should act as 1st support from now onwards,
4. Moving averages indicating initiation of uptrend!
Considering above facts and the way stock has remained in sideways from quite some time, we must wait for stock to not only give breakout above 222 but price has to sustain above it.
Buy if price sustains above 222 for price targets of:
1. 239
2. 268
3. 298
Disclaimer:
This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.