Chart of LaOpala is a Perfect Example of Technical analysis. The stock was first given be us at 257. It made a high of 457 and then hit a trailing stop loss.
Look at the chart it is a perfect example of how a stock follows Technicals. The Slating Seagreen or Light blue line provides constant support to the stock prize.
The red line at 426 and the trend line at 440 has proved to be a strong Resistance. Look how the stock stops there.
Closing above 441 can be a fresh Breakout and once we get a closing above 441 the new targets will be 457 and 482. BUT we need to get a closing above 441 for fresh entry.
The attached chart is a perfect example of Technicals for beginners.
Stop Loss for Fresh entry will be closing below 391.
