Price has formed well established channel. It is on strong support. The daily downtrend seems to be over. Risk to reward ratio seems good.
Profit target-8% , stop loss-4%
CCI indicator being bullish along with support line. I wonder to wait for volume to confirm it or just buy it.
I am hoping it to have more than 10% upswing based on two fib's retracement and the gap.
If we get green candle on Monday with open and close above 34.25.
buy around @35.10
stop loss @ 34.25
It seems good idea to buy. support failed. Next major support looks at 2.86. i wonder how to edit the chart too.