Expect a Breakout of Consolidation with Bullish Reversal
Stock broke out of a long term Distribution phase and a Exhaustion volume at 733 levels. This is a long term support level for this stock.
Stock is currently in consolidation with accumulation seen in small quantities. Bears unable to push the stock below long term support levels. Exhaustion volume is clearly visible ending the bearish run.
Expect a breakout soon to cross swing high at 792 and cover the untested gap at 965 levels - an upside of 170+ points. Could be a potential money bagger on futures if held for even 1 contract. Keep SL below 695
R:R is pretty good at 1:6
Stock is currently in consolidation with accumulation seen in small quantities. Bears unable to push the stock below long term support levels. Exhaustion volume is clearly visible ending the bearish run.
Expect a breakout soon to cross swing high at 792 and cover the untested gap at 965 levels - an upside of 170+ points. Could be a potential money bagger on futures if held for even 1 contract. Keep SL below 695
R:R is pretty good at 1:6
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