#genus power ready for next leg of rally?
Updated
Genus power after breaking out in May 2023 has moved around 164% in a span of 1 year. Then corrected around 26% and once again it has started moving up. This week it tested a strong fib resistance level of 338 and if this or next week manages to sustain above this number then it can try to touch 1) 366 2) 387 3)398 4)413(imp level) 5)443 6) 463 7) 490(imp level). Since my proprietary indicator is telling me that there can be some sort of pullback so I would like to wait for it to initiate long or take small qty once it close above 338 and add more once it starts moving up or comes down to 274 level. Once it will start moving up I would like to trail it for higher targets till 577.
Trade active
Correctly predicted by my proprietary indicator there is correction of 28% only :). I have taken small tracking qty at 243, now will wait for it cross its previous 2 days high to add more.Trade active
Keeping TSL at 288.
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