A consolidation pattern appeared in our model and this is amazing because this is a 2 years consolidation pattern which is quite rare to see.
Consolidation phases in the stock market refer to periods of time when the price of a particular stock or the overall market is relatively stable and not showing significant trends in either direction. These phases can be...
Smiths Group has been steadily trending higher for many weeks. The shares are outpeforming the benchmark index and have recently undergone a correction. We are looking to use this dip as a chance to buy for the medium to long term.
BUY
TARGET 1230
If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the resistance level of 1218 then it can move ofr upside level for the target.
INDICATORS:-
RSI is around 55.38 level showing -ve bias, in coming up session upper move is expected.
MACD and Signal line is nearly the zero level line.
Skype tayal.smith1
