Timeframe: Daily | Chart Scale: Linear
Explosive +17.52% surge today backed by a massive 6.71M volume spike! 🔥
Technical Highlights:
⚠️ Resistance Test: Pushed above short-term horizontal resistance (Jun '26) but couldn't secure the close. Needs to also clear a major angular resistance (Nov '23).
✅ Volume Reversal: Volume rising over the last 5-6 days, breaking a recent dry spell.
✅ Momentum: Short-term EMAs in positive crossover (Daily/Weekly/Monthly). MACD & RSI rising. 🚀
Key Levels to Watch:
🎯 Target: 160 (Contingent on a decisive dual breakout)
🛡️ Support / Pullback: 135
Keep a close eye on price action over the coming days to see if the stock can absorb the overhead supply and trigger the definitive breakout! 📈
Are you tracking setups across the auto components basket? Share your perspective below! 👇
Explosive +17.52% surge today backed by a massive 6.71M volume spike! 🔥
Technical Highlights:
⚠️ Resistance Test: Pushed above short-term horizontal resistance (Jun '26) but couldn't secure the close. Needs to also clear a major angular resistance (Nov '23).
✅ Volume Reversal: Volume rising over the last 5-6 days, breaking a recent dry spell.
✅ Momentum: Short-term EMAs in positive crossover (Daily/Weekly/Monthly). MACD & RSI rising. 🚀
Key Levels to Watch:
🎯 Target: 160 (Contingent on a decisive dual breakout)
🛡️ Support / Pullback: 135
Keep a close eye on price action over the coming days to see if the stock can absorb the overhead supply and trigger the definitive breakout! 📈
Are you tracking setups across the auto components 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.