Weekly Box Breakout : FIL is finally smashing its 650-day weekly box with a powerful candle and decent volume! RSI Reaching Overbought Zone ⚠️: Be cautious, the RSI on the weekly timeframe is approaching overbought territory. Clear Skies Until 17.06 ☀️: No major resistance until the 17.06 area, but patience is key until the weekly candle closes. ⏳ Potential Parabolic Move : If the box breaks, FIL could be in for a meteoric rise! Stop Loss & Logical Stop : Don't forget your safety net! Place a stop loss behind the candle and consider a logical stop around 4.789. Disclaimer: This is for informational purposes only, not financial advice. DYOR (Do Your Own Research) before investing.
Additional Tips:
Volume Analysis: Watch for increasing volume with the breakout, indicating a stronger uptrend. Other Indicators: Explore indicators like MACD and Ichimoku to confirm the uptrend. Money Management: Always prioritize responsible trading with a stop loss and proper capital allocation.