This stock looks to be bracing up for an upmove to give a decent Risk Reward Trade, following are the favorable conditions:
Technically:
1. multiple tested lows near 98-96 range but failed to break below
2. Have just moved above the most traded zone and should hold these levels if the hypothesis is true
Other reasons:
1. Fundamentally a good stock with good growth rates
2. dependent on gold rate ( Gold Finance company) Gold has corrected a lot, any upmove should aid the stock in a positive way.
3. broadly independent of the index, so should chart its own course.
Technically:
1. multiple tested lows near 98-96 range but failed to break below
2. Have just moved above the most traded zone and should hold these levels if the hypothesis is true
Other reasons:
1. Fundamentally a good stock with good growth rates
2. dependent on gold rate ( Gold Finance company) Gold has corrected a lot, any upmove should aid the stock in a positive way.
3. broadly independent of the index, so should chart its own course.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。