DELTACORP Consolidation
it has been consolidating for last weeks(2months) above 20W MA between 170 - 200 and trading near 20W MA. breakout at 200 level will open up 280 levels.
RSI is at 60 on weekly chart indicating bullishness.
it attempted twice to give breakout at 200 levels.
on first attempt it retraced 33% from peak, and on second attempt retraced 13% off peak.
RSI is at 60 on weekly chart indicating bullishness.
it attempted twice to give breakout at 200 levels.
on first attempt it retraced 33% from peak, and on second attempt retraced 13% off peak.
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