Pelikan 15 min chart:
Cup and Handle formation, breakout above prior resistanceat 0.555. currently retesting previous resistance turned support. Retracement close to ema50. risk reward ratio 1.67
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Strategy: Price Volume Analysis
Bias: Bullish, Pelikan was hot stock traded in the past two weeks where it recorded a sharp rise. After a correction with diminished volume in past 2 days, today Pelikan was once again traded actively with significant volume, momentum generated brought price back to recent high...