CAPLIPOINT โ Turning Point Ahead?CAPLIPOINT has been in a Stage 4 decline, but recent price action suggests a potential Stage 1 base. The stock bounced off โน1785 support, with the 200-day MA acting as a key level.
Key Levels to Watch:
โข Resistance: โน1914, โน2249 (trendline + moving averages).
โข Breakout Zone: A strong close above โน2250 could trigger a Stage 2 uptrend.
โข Target: โน2500-2600 if momentum builds.
Trade Plan:
โข Aggressive entry: โน1800-1850 with SL below โน1780.
โข Safe entry: Above โน2250 with volume confirmation.
A breakout with strong volume could signal a trend reversalโone to watch!
๐ Disclaimer
For educational purposes onlyโdo your own research before trading.