EID PARRY - Good BUY at 175 to 180-185 levels for a immediate target of 220
But its a good investment stock looking at the monthly levels where the market structure is UP for the last 15 years.
Reason for accumulation at 175 to 180-185 levels is due to over extension in price on a daily timeframe which potentialy could see a small correction before taking its impulsive UP move
Price exhaustion seen at 1.686 Fib level which indicates a small correction as of now and price 200 seems to be a important psychological barrier to break after which the price might go up
But its a good investment stock looking at the monthly levels where the market structure is UP for the last 15 years.
Reason for accumulation at 175 to 180-185 levels is due to over extension in price on a daily timeframe which potentialy could see a small correction before taking its impulsive UP move
Price exhaustion seen at 1.686 Fib level which indicates a small correction as of now and price 200 seems to be a important psychological barrier to break after which the price might go up