LAURUS LABS | 125% returns | 4-year consolidation breakout
LAURUS LABS
Monthly time frame
Breakout from 4-year consolidation
Stock riding above 20- & 50- month moving averages
RSI > 50, signalling bullish momentum
MACD crossover done and is above the 0 line, signalling bullish momentum
Weekly time frame
Stock has broken out of the orange trend line resistance after retest
Stock has broken out of descending triangle pattern
Stock converging near 20-, 50- & 200-week moving averages
Golden crossover approaching (50WMA cross 200DMA)
RSI > 50, signalling bullish momentum
MACD above the 0 line, signalling bullish momentum
Daily time frame
Stock has been in an uptrend (white dotted parallel channel) since May 2023
Stock in the process of making a higher low (Dow theory)
Stock converging near 20-, 50- & 200-day moving averages
RSI = 50, signalling bullish momentum
MACD is about to cross the 0 line, indicating momentum build up
Conclusion
Entry: 450
Stop Loss: 385
Target 1: 550
Target 2: 720
Target 3: 1000
Monthly time frame
Breakout from 4-year consolidation
Stock riding above 20- & 50- month moving averages
RSI > 50, signalling bullish momentum
MACD crossover done and is above the 0 line, signalling bullish momentum
Weekly time frame
Stock has broken out of the orange trend line resistance after retest
Stock has broken out of descending triangle pattern
Stock converging near 20-, 50- & 200-week moving averages
Golden crossover approaching (50WMA cross 200DMA)
RSI > 50, signalling bullish momentum
MACD above the 0 line, signalling bullish momentum
Daily time frame
Stock has been in an uptrend (white dotted parallel channel) since May 2023
Stock in the process of making a higher low (Dow theory)
Stock converging near 20-, 50- & 200-day moving averages
RSI = 50, signalling bullish momentum
MACD is about to cross the 0 line, indicating momentum build up
Conclusion
Entry: 450
Stop Loss: 385
Target 1: 550
Target 2: 720
Target 3: 1000
עסקה פעילה
Trade is activeעסקה סגורה: היעד הושג
1st target is achieved. Short term players can book. Long term players continue to hold.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.