Stock is making a rounding bottom that indicates accumulation & getting ready to break the next big resistance.
Daily closing above 183 can lead to 192 and 200 levels. Keep a stop loss below 174 in this trade. If a closing comes above 200 levels, then stock price can increase by 10-15 % very quickly because all previous gaps will be filled and weaker hands would have been exited earlier.
Daily closing above 183 can lead to 192 and 200 levels. Keep a stop loss below 174 in this trade. If a closing comes above 200 levels, then stock price can increase by 10-15 % very quickly because all previous gaps will be filled and weaker hands would have been exited earlier.