Multiply is in a strong down trend for ages now, people are tired to see it RED on daily basis although its one of the top traded stock with solid fundamentals but still its struggling. For now we can see some fresh signs of reversal right at 2.45 area still this is not a uptrend there are chances it may hit the resistance get rejected and go below 2.45 I am...
There are good chances from current level multiply can start a new trend to the upside, if geopolitical scenarios are settled this stock can rally very quickly specially after disclosing there positive financial results this stock didn't perform due to the same reason but with todays closing we are getting some sort of indication that buyers are again getting...
Trend
Multiply is at a very crucial support zone for now that is 3.95-4.00 if this support zone is broken then we can witness more selling pressure and it can retest 3.80 area. Over all trend is still uptrend. Bulls have to flex up and show some power.
Targets
Strong resistance at around 4.10 zone but since multiply has spend so much of time near this zone if...
Trend
Its still trending up, but for now it has hit the resistance at 4.10 area, today i sold multiply at 4.07 but i think it will come down for retest at support zone and this will be a buying opportunity for those who missed it at lower levels.
If it comes around 3.95 lets wait for buying pressure and then pull the triggers.
Hit like & follow guys ;)
Trend
Multiply is on a strong uptrend and I think it will take a small break before breaking the next hurdle. Either it can come down to retest the immediate support or it will continue to go up from current level. Weekly closing is very bullish and i am expecting a continuation of this trend to the upside.
Targets
I think next resistance area is around...
For now multiply is looking very positive , after the strong move to the upside its correcting and i think its taking a breather before it makes another violent move tot he upside. If we look at the weekly chart it have broken the range already and now it seems like its just taking a pause above the support zone. Last three candles are bullish we can see buying...
Watchout for the marked zone on the chart, Multiply can come down for a rest into that zone to continue its upside momentum. Buyers are waiting for some more correction and will start picking up from the bottom.
Hit like & follow guys ;)
I think tomorrow will be a good buying opportunity if this stocks drop due to panic sell in the market, I would love to pick this at around 2.05-2.07 zone. Also if market recovers in the same session i will try and book the profits. Over all this stock is very positive and should be in your "stalking list"
Hit like & follow guys ;)
