This stock has formed the classic cup and handle pattern indicating a possibility of a breakout. It can be bought at current levels for a near term target of 460 and 480 respectively.
Stop loss can be maintained at 380, which is the bottom of the handle.
Supporting Technicals:
RSI: 66.6 (Bullish but not overbought)
ADX: 34.8 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
Stop loss can be maintained at 380, which is the bottom of the handle.
Supporting Technicals:
RSI: 66.6 (Bullish but not overbought)
ADX: 34.8 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.