It's in the upward correction towards the first zone of resistance between 217 - 233 Once it breaks above this zone then the next target is 245 245 is the confluence of resistance by the falling trendline and 50% Fibo Retracement. Invalidation of this buy idea would be the break below 150.
I remain bearish on this stock until it closes above the resistance zone from 1150 -1298 At present, it's under the kind of a flat correction and trying to reach closer to the falling trend line. My preference is to short it around 1150 and place the stop above 1300. Sell Target 1 is at 888 Sell Target 2 is at 708
The first move up is done and now it's consolidating in the range to gather strength for the upcoming target towards 0.6790 0.6790 is in the target zone of the following influences: 1. Fibo Ext. 61.8 of the first move 2. Resistance zone of the falling trendline on the weekly 3. 100 Moving Average on the weekly The trade idea is to look for buy entry once it...