JK moved good from the lows of March, and looking for a base formation near 1500 levels. Any move up 1500 can take it to further high !!
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After 5 impulsive waves to the down side, the market is correcting now. We are waiting for a breakout of the triangle before seeing price flying in one Direction.
price can touch the lower support if this support hold and sustain than we can see a good uptrend in this stock if support not hold than we can go down from here
the day start with a big volume and a springbox appears earlier and the trend range above the vwap so i guess it going UP LONG
Currently It is trading in oversold territory, wait for technical indication of oversold zone if planning to trade.
Possible BAT pattern formation at a strong supply zone. Though the sector is strong this trade looks promising as the Risk Reward is favourable to take a bet. FOR EDUCATIONAL PURPOSES.
We believe that TADAWUL:3002 is witnessing an end to the correction of the 2nd wave, we should face a strong impulsive wave! If we are right, then our entry should be at 9.30 with a loss stop of 9.14 Happy Trading!
On a fast track expect to cross 4k in next 8-12 months . stockdada.com
Previous supply zone intact and is pushing the prices down. Alternate Trading plan is to wait till the price drops and WRITE 1500 PE Puts.
$CX is an interesting company here. I have liked the negativity surrounding Mexico, and emerging markets since Trump got elected, now we have a solid breakout on strong volume, and a potential monthly and even quarterly uptrend taking off from here. $CX has had strong growth in the past quarter and year, I think it can be a solid performer going forward....
Only word describes cement companies' stocks en masse is - UP ! There has been lot of recent activities in cement sector and all points to bullish development. Even taking a look at your surrounding will tell you that structures of concrete are rising every day without any slowdown in sight. For Indian stock market, consumer goods ( now the Fad is for organic...
The peak of the share had reached where its RSI is also above 80% and same levels were observed in last month July 2015. The same case will be repeated this time also.
Go long at 3501 for 1.50% target Trade at your own risk