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SPEL

SPEL PSX📈 SPEL (PSX) – Buy Call (1-Day Outlook) Technical View Previously: Stock has broken out of a long-awaited rectangle consolidation pattern. And target was hit. Structure now shifting into higher highs (HHs) and higher lows (HLs) → trend confirmation. Price is currently holding in the golden zone (retest area after breakout). Momentum is bullish and intact as long as structure of HH/HL holds. Trading Plan Look for a bullish candlestick rejection in the golden zone as entry trigger. Targets: Short-term traders: book partial profits at the first resistance above breakout. Mid-term traders: hold for continuation toward next resistance zones as long as HH/HL structure stays intact. Confirmation Checklist ✅ Breakout candle closes strong (preferably with above-average volume). ✅ Retest of breakout zone holds with bullish rejection. ❌ Invalidation if price loses HL structure or breaks below retest support. Fundamentals (Quick Pulse) Company is profitable with revenue and income growth. Operates in packaging/auto components → demand relatively stable.
PSX:SPELLong
by SmartMoney-AR