HALWANI BROS. CO. 6001 - Bullish Pullback to 200 Daily MA
bullish pullback opportunity towards the 200-day moving average. Several strong indicators support this potential upward movement:
As the price retraces, there's an opportunity for a second entry around the 48.5 level.
Target Levels:
- RSI Value Near 50: The Relative Strength Index (RSI) is hovering close to the neutral 50 level, suggesting a balanced market sentiment and potential for upward momentum.
- Support Holding at 48.5 Level: The stock has demonstrated resilience by holding a crucial support level at 48.5, indicating buyer interest and a potential bounce.
As the price retraces, there's an opportunity for a second entry around the 48.5 level.
Target Levels:
- Take Profit 1 (TP1): 53.2 level or 200 moving average
Trade closed: target reached