The weekly chart for Black Box Limited reveals a clear technical setup following a textbook retest of historical structure.
After a massive volume-backed rally that peaked near the 1,100 mark, the stock underwent a natural retracement.
It has now successfully pulled back to a critical horizontal support zone at exactly 706.65.
The recent price action shows a strong bullish bounce off this 706.65 level, indicating that buyers are aggressively defending this previous breakout area.
With the asset currently trading around 823.00, this structural retest provides a solid foundation for a long position, adhering to the guideline of explaining the core reasoning behind the analysis.
Bias: Long
Entry Point: Consider an initial entry near the current market price of 823.00, while looking to accumulate on any minor pullbacks into the 780–810 zone to optimize the risk-to-reward ratio.
Target: The primary upside target is a retest of the previous major swing high near 1,100.
A secondary, more conservative target can be placed at the intermediate resistance around 950.
Stop Loss: A strict stop loss should be placed below the primary 706.65 support line.
A weekly close below 680 would break the market structure and immediately invalidate this bullish thesis.
After a massive volume-backed rally that peaked near the 1,100 mark, the stock underwent a natural retracement.
It has now successfully pulled back to a critical horizontal support zone at exactly 706.65.
The recent price action shows a strong bullish bounce off this 706.65 level, indicating that buyers are aggressively defending this previous breakout area.
With the asset currently trading around 823.00, this structural retest provides a solid foundation for a long position, adhering to the guideline of explaining the core reasoning behind the analysis.
Bias: Long
Entry Point: Consider an initial entry near the current market price of 823.00, while looking to accumulate on any minor pullbacks into the 780–810 zone to optimize the risk-to-reward ratio.
Target: The primary upside target is a retest of the previous major swing high near 1,100.
A secondary, more conservative target can be placed at the intermediate resistance around 950.
Stop Loss: A strict stop loss should be placed below the primary 706.65 support line.
A weekly close below 680 would break the market structure and immediately invalidate this bullish thesis.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน