As seen there is a confluence of two supports coinciding. Quick a formidable force to beat for the bears:
- Strong support between 300 to 320 formed in two time frames
- 200 day EMA coinciding with this support zone.
The stock bounced off after testing this last week. This support should hold and stock should move to test 400 levels now.
Safe pick in a toppish market ??
- Strong support between 300 to 320 formed in two time frames
- 200 day EMA coinciding with this support zone.
The stock bounced off after testing this last week. This support should hold and stock should move to test 400 levels now.
Safe pick in a toppish market ??