After a very sharp uptrend movement, stock is consolidating sideways for a long time and now rejected candle at major resistance.
Traditionally, all the indicators are indicating that after a uptrend followed by sideways trend there is a downtrend with lower highs.
If the major resistance is break with high volumes we can see further upside movement.
If the major support is break with high volumes we can see further downside movement.
Traditionally, all the indicators are indicating that after a uptrend followed by sideways trend there is a downtrend with lower highs.
If the major resistance is break with high volumes we can see further upside movement.
If the major support is break with high volumes we can see further downside movement.
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Its a big MAKE Breakout.
BUT, lets keep an eye if its sustain after retest of the level.
BUT, lets keep an eye if its sustain after retest of the level.