The stock made an inverted H&S pattern over the 200 ema and had a breakout from the pattern. Also this happens to be a lifetime breakout. But it is not accompanied by high volume.
Now this happens to be a Breakout or reversal zone.
Based on today's opening, trade can be entered above 365 based on bullish signal candle.
Another lower entry zone is 353-356 with SL 340
Short term target - 380
Long term target - 400
Just my personal view and in no way a recommendation.
Thanks.
Now this happens to be a Breakout or reversal zone.
Based on today's opening, trade can be entered above 365 based on bullish signal candle.
Another lower entry zone is 353-356 with SL 340
Short term target - 380
Long term target - 400
Just my personal view and in no way a recommendation.
Thanks.
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