MASTEK - Multiyear Breakout
This is a MONTHLY CHART - so patience is the key. Don't get disappointed in daily pullbacks.
From the year 2000, there has been a resistance around 540.
In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly.
However from April 2020, we have seen a one way strong rally with a successful breakout. So a monthly corrective candle is expected.
Keep a close watch. Multiyear breakouts tend to be explosive once they start their rally.
From the year 2000, there has been a resistance around 540.
In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly.
However from April 2020, we have seen a one way strong rally with a successful breakout. So a monthly corrective candle is expected.
Keep a close watch. Multiyear breakouts tend to be explosive once they start their rally.
הערה
Will keep climbing slowly and steadily
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.