On weekly charts, the prices are trading near the lower end of a long term trendline support. In last one year, prices have formed a complex corrective pattern and the wave counts indicate end of a corrective leg near the recent lows. Prices in last few days have been consolidating in a narrow range and breakout from the consolidation zone could lead to sharp pullback. Looking at above evidences, we believe the stock could move higher and retrace the recent corrective leg.
Custom Search
Showing posts with label weekly charts. Show all posts
Showing posts with label weekly charts. Show all posts
Tuesday, August 4, 2015
Subscribe to:
Posts (Atom)