It's a probable low cheat entry. So consider taking pilot position.
Stock was in a consolidation after a down trend and formed a base its a base of almost 12-13 months.
Down week volumes were more then up ones. And now its the opposite. Volumes were contracted and dried up.
From may23 we can see some volume spurts. Next test levels shall be175-180 if current levels are sustained.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Stock was in a consolidation after a down trend and formed a base its a base of almost 12-13 months.
Down week volumes were more then up ones. And now its the opposite. Volumes were contracted and dried up.
From may23 we can see some volume spurts. Next test levels shall be175-180 if current levels are sustained.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Comment:
~23.5% move in 5 weeks