Varroc has been mostly in a sideways trend since Dec 2023. Key horizontal resistance zone was brokenout couple of times but that could not be sustained for long. Last week the stock surged by 12.68% with decent volume. With the surge it was able to breakout of a major angular resistance. Short-term EMAs are in PCO state as of last week.
If momentum continues, we may see the stock surge past the resistance zone and may reach 649 levels. On the downside, we may see the stock at 501 levels.
If momentum continues, we may see the stock surge past the resistance zone and may reach 649 levels. On the downside, we may see the stock at 501 levels.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。