The price is very close to the resistance level, bumping near the 162-165 level. The price is supposed to break out higher and can hit the target of 170-172. Since, the price has been showing a long buildup and was in a range, it can achieve 2-3 targets by picking up momentum.
First Target (170-172)
Second Target (180-183)
Look out for the nearest support level (155-158) as the market can test this level before breaking out above the current resistance. The pink support level is really important as it can give an insight into the next price action trend for this stock.
Thanks
P
First Target (170-172)
Second Target (180-183)
Look out for the nearest support level (155-158) as the market can test this level before breaking out above the current resistance. The pink support level is really important as it can give an insight into the next price action trend for this stock.
Thanks
P
Comment:
Only the first target could be achieved! (170)