Overview
HBS is an application software development company mainly catering to HR segment.
Strategy
A trade based on technical analysis.
Technical Analysis (Chart Patterns)
* HBS had created a bottom with a triple divergence.
* Friday 11th April HBS broke out from the Descending Wedge formation with good volume.
Potential Pattern Targets
* Pattern Target : LKR 12.60 (> 14% upside)
* If price sustained above UC line we can aim for higher targets towards LKR 16/17 area.
Invalidation
* Daily close below the broken pattern resistance line.
HBS is an application software development company mainly catering to HR segment.
Strategy
A trade based on technical analysis.
Technical Analysis (Chart Patterns)
* HBS had created a bottom with a triple divergence.
* Friday 11th April HBS broke out from the Descending Wedge formation with good volume.
Potential Pattern Targets
* Pattern Target : LKR 12.60 (> 14% upside)
* If price sustained above UC line we can aim for higher targets towards LKR 16/17 area.
Invalidation
* Daily close below the broken pattern resistance line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.