DELTACORP looks good on weekly chart

DELTACORP

If you see the breakout to the level 224, after breakout prices did managed to sustain above that level while volume keeps declining which indicates bit of weakness in stock for prices to move further up.

But in last week we have seen strong bullish candle breaking out the resistance level of 282 though candle doesn’t managed to close above that to take it as a confirmed breakout, we can still consider this as a good solid sign to consider this stock for Swing or short term trade. One can prefer to take further confirmation on 2h chart.