The short-term consolidation has come to an end following a breakout from the symmetrical triangle pattern supported by higher average volume. The STO-RSI indicator shows the stock is in oversold territory and the buying momentum is expected to start launching a bullish bias.
Next R/ TP:
• 2.74
• 2.910
• 3.075
• 3.315
• 3.62
Support:
• 2.30
• 1.93
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
Next R/ TP:
• 2.74
• 2.910
• 3.075
• 3.315
• 3.62
Support:
• 2.30
• 1.93
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.