This is YummyFor now multiply is looking very positive , after the strong move to the upside its correcting and i think its taking a breather before it makes another violent move tot he upside. If we look at the weekly chart it have broken the range already and now it seems like its just taking a pause above the support zone. Last three candles are bullish we can see buying pressure coming in clearly indicating bull are defending zone.
Once we see a solid breakou t of 3.65 with big volumes I think we will see 3.80-4.00 very soon. Multiply is very strong fundamentally with rich cash flows and its also investing in other profitable companies which will bring in moolah.
Multiply is once of the top traded stock in Abu Dhabi Securities Exchange and I think very soon this stock will be above 4.00
