Stock had a previous uptrend from 263 to 754
Then it formed a Wedge
Double Bottom.
Second bottom lower than first
First was 556, second was 554
Pivot @718
Last few weeks taking support at 9 and 21 averages.
5th September break out was with very good volume.
Rtraced and back to highs.
Elliot oscillator green
CCR Green
Stochastic need conformation with bar on top as per my setup
This is weekly chart so i will wait today close.
Being weekly setup i needed to take out 12Th September bar on week (780 levels) as it was closing at low and had broken previous week high (5th September Bar)
Then it formed a Wedge
Double Bottom.
Second bottom lower than first
First was 556, second was 554
Pivot @718
Last few weeks taking support at 9 and 21 averages.
5th September break out was with very good volume.
Rtraced and back to highs.
Elliot oscillator green
CCR Green
Stochastic need conformation with bar on top as per my setup
This is weekly chart so i will wait today close.
Being weekly setup i needed to take out 12Th September bar on week (780 levels) as it was closing at low and had broken previous week high (5th September Bar)