On the weekly chart, the stock has observed breakout from “ cup & handle” formation around 480 levels on a closing basis
The stock has recaptured its 20 and 200 day SMA and rebounded very sharply
Huge volumes at breakout zone implies increased participation on a rally
The daily and weekly “band bollinger” buy signals increased momentum to the upside
The positive crossover on the daily and weekly strength indicator RSI signals rising strength at current levels
The above analysis indicate upside of 515-530 levels.
The stock has recaptured its 20 and 200 day SMA and rebounded very sharply
Huge volumes at breakout zone implies increased participation on a rally
The daily and weekly “band bollinger” buy signals increased momentum to the upside
The positive crossover on the daily and weekly strength indicator RSI signals rising strength at current levels
The above analysis indicate upside of 515-530 levels.