This Stock has been consolidating near it's high's since July and created a box in simple terms and in other terms created a DARVAS BOX.
Weekly Chart For the reference.
If we look at daily charts it has been visible that since past few swings it is trying to make higher lows. and along with it if we look at today's volume it is very much visible that volume is fueling up. I made a price action too to understand the entry.
Question should be why it should pause ?
Answer is if it will accumulate and break then it will break big and can give us target of a potential 14% as shown with green marking & it will give us a stop loss too.
Hope it helped in understanding.
Keep an eye folks. Cheers and Happy Trading.
Please look at other ideas too for better understanding.
Weekly Chart For the reference.
If we look at daily charts it has been visible that since past few swings it is trying to make higher lows. and along with it if we look at today's volume it is very much visible that volume is fueling up. I made a price action too to understand the entry.
Question should be why it should pause ?
Answer is if it will accumulate and break then it will break big and can give us target of a potential 14% as shown with green marking & it will give us a stop loss too.
Hope it helped in understanding.
Keep an eye folks. Cheers and Happy Trading.
Please look at other ideas too for better understanding.
