HALWANI BROS. CO. 6001 - Bullish Pullback to 200 Daily MA

K_M_M Updated   
bullish pullback opportunity towards the 200-day moving average. Several strong indicators support this potential upward movement:

  1. RSI Value Near 50: The Relative Strength Index (RSI) is hovering close to the neutral 50 level, suggesting a balanced market sentiment and potential for upward momentum.
  2. Support Holding at 48.5 Level: The stock has demonstrated resilience by holding a crucial support level at 48.5, indicating buyer interest and a potential bounce.

As the price retraces, there's an opportunity for a second entry around the 48.5 level.

Target Levels:

  • Take Profit 1 (TP1): 53.2 level or 200 moving average
Trade closed: target reached


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