Trend Reversal Confirmed: SEARL Targets 129+SEARL on daily timeframe displays a classic inverse head and shoulders pattern, which is a strong bullish reversal signal. The stock has broken out of the neckline resistance with healthy momentum and is now consolidating above it, indicating strength and potential for a continued uptrend. The breakout also coincides with a falling trendline breach, adding further confirmation to the bullish sentiment. Key resistance levels to watch on the upside are 107.95, 113.30, and 119.00, with the ultimate supply zone target around 129.32. The curved projection suggests a gradual upward move, and any pullback toward the trendline may offer a good re-entry opportunity for long positions.
SEARL trade ideas
Monthly Time FrameFibonacci Drawn from All Time High to Macro Bottom
All a significant Macro Price Levels and Targets.
Currently Price has been rejected by Fib 0.236 is providing Support
Fib 0.382 providing Resistance, rejecting the price twice currently.
QoQ and YoY Revenues and improved Profit After Tax will determine the trajectory of the stock price.
SEARL - Daily ChartSupport (Green Line)
Pivot (Yellow Line)
Resistance (Red Line)
Green Rectangle/Box is a very strong Bullish Order Block and Accumalation Zone.
Orange Line is the previous SnR Flip Zone. Retest Successful.
Currently price has entered into a Bullish Channel (Blue Diagonal Channel Lines)
Thick Diagonal Green Line is the Major Long Term Bullish Trendline
Searle Analysis Searle taking resistance from the trendline and Fib 0.382 level. It has tested the trendline and Fib 0.382 twice and got rejected. It can take support from MA100 (104) and try once again. to break the trendline.
On a bigger view, it is making a symmetric triangle. Once it breaks this triangle, price will move towards next levels.
Target as per symmetric triangle can be 227 - 230 (Fib 0.786 level).
However, this may take some time and fundamental turn around will drive it.
SEARLE LONG TRADESEARLE has been in downtrend since Dec 25, it has recently take support from a strong Breaker Block and also crossed over a bearish Breaker Block which is a sign of strength.
The downward Bear Channel is actually a Bull Flag as per Price Action Principles of Al Brooks the Father of Price Action.
Price went below this channel in shape of Selling Climax to dry out all Supply at those lower levels, this process has shifted the possession of Searle from Weak Hands to Strong Hands (Big Institutions). thus creating a Supply Vacuum.
Price has only logical direction to go and that's upwards.
BUY SEARLE 78-84
TP1 95
TP2 105
TP3 120
SL 70