Dredging Corp following the resistance line nearing breakout
Dredging Corp has been on downtrend since quite some time and with that it has been showing respect on the resistance line.
With continuous move near the resistance levels there are chances on a move it would break the resistance line and move out of that resistance range .
If it crosses we can see some good move considering volumes are supporting it.
Levels to watch are 930 and if it crosses it decisively then can go on and reach the levels of previous resistances levels of 998-1064.
No recommendations, just my view based on chart pattern.
With continuous move near the resistance levels there are chances on a move it would break the resistance line and move out of that resistance range .
If it crosses we can see some good move considering volumes are supporting it.
Levels to watch are 930 and if it crosses it decisively then can go on and reach the levels of previous resistances levels of 998-1064.
No recommendations, just my view based on chart pattern.
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