Timeframe: Weekly | Chart Scale: Logarithmic
Explosive +17.81% weekly surge on 1.13M volume! 🔥
Technical Highlights:
✅ Breakout: Cleared & closed above long-term angular resistance (active since Apr '24).
✅ Volume Reversal: Volume steadily rising past couple of weeks after a recent dip.
✅ Momentum: Short-term EMAs in positive crossover (Daily/Weekly/Monthly). MACD & RSI rising. 🚀
Key Levels to Watch:
🎯 Target: 475
🛡️ Support / Pullback: 364 (Previous resistance turned support)
Keep a close eye on price action over the coming days to see if the stock can sustain this high-volume trajectory! 📈
Are you tracking setups across the capital goods basket? Share your perspective below! 👇
Explosive +17.81% weekly surge on 1.13M volume! 🔥
Technical Highlights:
✅ Breakout: Cleared & closed above long-term angular resistance (active since Apr '24).
✅ Volume Reversal: Volume steadily rising past couple of weeks after a recent dip.
✅ Momentum: Short-term EMAs in positive crossover (Daily/Weekly/Monthly). MACD & RSI rising. 🚀
Key Levels to Watch:
🎯 Target: 475
🛡️ Support / Pullback: 364 (Previous resistance turned support)
Keep a close eye on price action over the coming days to see if the stock can sustain this high-volume trajectory! 📈
Are you tracking setups across the capital goods basket? Share your perspective below! 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.