'Strongly Bullish' on SAIL for long term; Weekly Chart analysed

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*The stock hit a fresh 52-week high of 151.30 on 10th May 2021, but failed to hold on to the momentum, falling about 58%.


*SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47%.


*In terms of price action, the stock is trading well above all the short-term and long-term moving averages.


*RSI is above 50 and MACD gave bullish crossover above its signal line on 2nd March 2023.


*Based on bullish moving averages and technical indicators, it is expected that the stock's price will continue to rise towards the assigned targets, with a recommended stop loss of 83 on a closing basis.
注释
Target 1 achieved on 1st Sep'23.
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Target 2 achieved today !!
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Target 3 approaching...
交易结束:到达目标
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