Technical analysis -
1. Long term breakout (16 years) above 167
2. Stock is in consolidation mode post breakout
3. Stock is making a rounding bottom on weekly chart
Trade set up -
Go long, try to buy close to 165
Targets are 181 and 191
SL is below 160 closing
1. Long term breakout (16 years) above 167
2. Stock is in consolidation mode post breakout
3. Stock is making a rounding bottom on weekly chart
Trade set up -
Go long, try to buy close to 165
Targets are 181 and 191
SL is below 160 closing