Two rise breakout we have Identified. The first (Mar,Apr 2019) is verified by both conditions request in our study. Price might reach 2259.78 and drop after at 2035.29. The second (Jan , feb 2020) isn't yet verified by both conditions. If current monthly green candle will be close above 2035.29 price might hit 2393 and drop after at 2217. In the chart the ...
Oversold stock is always interesting. To try this forecast might be not bad.
I just using a breakout technique that requires the verifying of two proper conditions.
First is the rising breakup of resistance 27.45 on monthly chart.
Second is the close of monthly green candle , that has broken the resis, above resistance quoted.
Chart sent is weekly.
Short hike might be considered at around 280.68 to 274.90 for 6 points.
Therefore a continuation of the Long is expected up to around 280.68 due to the bullish break of the resistance level set at 268.28