SWING IDEA - SAINTGOBAIN
ALL TIME HIGH !!
The stock price breached 'all the high' mark. The momentum seems to be strong. We can see a potential up move in SAINT GOBAIN.
Reasons are stated below :
Target - 152 // 180 (these are derived from Fibonacci extension tool)
StopLoss - weekly close below 119
The stock price breached 'all the high' mark. The momentum seems to be strong. We can see a potential up move in SAINT GOBAIN.
Reasons are stated below :
- Daily candle closed above all the high.
- Price broke out after a consolidation phase of 4months.
- Formed a marabozu candle on weekly timeframe.
- Price is above 50 and 200EMA.
- Higher-Highs are being made i.e stock is in uptrend.
Target - 152 // 180 (these are derived from Fibonacci extension tool)
StopLoss - weekly close below 119
Trade closed: target reached:
First target achieved - 15.4% up from buying price.
