Note this is a trade set up to go long. I would like to wait for price make a higher high first in this move (close on above 166 levels) and then hopefully retrace and make higher lows (should close above 144 levels) and then we are good to go long, hopefully we will have a 3rd touch on the line too and confirm our buy opportunity
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However what we are seeing is a congestion zone (more of a rectangle channel) where price has failed to make a higher high and also found buying support at higher lows. I think still some bearishness prevails and any fresh entry in this stock must be taken seeking confirmation of trend change!
Look out for my latest ideas on this when a set up is established
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