The stock was in a strong uptrend from October to January, staying within an ascending channel.The stock faced multiple rejections at the upper boundary of the channel.
Each time it approached resistance, it failed to sustain the momentum and pulled back.
Watchable zone
The lower trendline is acting as a support. If this support is broken, the price may drop towards PKR 25.00 - 22.00.
Sideways (Higher Probability)
A break below 32 PKR will confirm a sideway trend with range bound activity (24.00 - 28.00)
Bullish Case (less likely )
If the price breaks above 38 PKR,This would signal a bullish reversal, with potential upside targets at 46-48PKR.
Each time it approached resistance, it failed to sustain the momentum and pulled back.
Watchable zone
The lower trendline is acting as a support. If this support is broken, the price may drop towards PKR 25.00 - 22.00.
Sideways (Higher Probability)
A break below 32 PKR will confirm a sideway trend with range bound activity (24.00 - 28.00)
Bullish Case (less likely )
If the price breaks above 38 PKR,This would signal a bullish reversal, with potential upside targets at 46-48PKR.
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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。