A Fresh stage 2 Multiyear Flag breakout move.
Why I consider this attractive ?
1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024
2) The stock as compressed for 2 months at the breakout level.
3) Overhead supply is very minimal.
4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength.
Flag targets at about 5400.
Why I consider this attractive ?
1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024
2) The stock as compressed for 2 months at the breakout level.
3) Overhead supply is very minimal.
4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength.
Flag targets at about 5400.
Nota
The trade is still open as weekly 30 EMA is held well. The stock is consolidating in a channel, expecting it to reach channel top at 3400 approx.Nota
May consider a minimum gain exit and move capital to another counter as Breakout failure is seen here and the stock has decided to move in a channel rather ranging sideways 2668 - 3400
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.