About to shoot up !!
This is purely a Technical Analysis. All My favourite moving averages are close to the price. There has been a nice coiling of moving averages which leads to a breakout. From Elliot Wave perspective it looks like a wave 4 appearing as a triangle. Expecting a Parabolic move as a wave 5. There is a possibility of truncation so keeping my take profit to minimum. Overall its a nice Risk Reward set up.
Please share any knowledge if you trading this stock. Thanks for reading
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