Wait for break out, the stock Is set for a breakout.. . and choose your position to be long or short. and see for industry news for potential entry positions.
SMC
DISCLAIMER:
This is just my analysis. Before entering a position, you should be in conviction with multiple factors which include macro and microeconomic parameters to ensure that you are ready to face the intended risk to reward ratio.
Comment:
One can also contemplate a Cup/handle formation leading to a bullish trend. See if you can see a cup handle pattern!
Comment:
Its also hanging near the 50DMA