EVERESTIND - Retest of breakout - low risk and high reward trade

EVERESTIND stock fell from its all-time highs and is currently trading near very strong support;  trend is positive.
Because the stock has fallen sharply, wait for some evidence of strength before entering a trade. Do not enter a trade if you have not identified any signs of strength.
This trade can be viewed as a retest of a breakout; it will be low risk and high reward trade.

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Comment:

OUR ANALYSIS WAS CORRECT; EVEREST MOVED UPWORD VERY SHARPLY FROM MULTI DEMAND ZONE, AS WE EXPECTED.

Comment:

blasted today, 5% up.