47% Potential Upside in Route Mobile? Channel Reversal Analysis!

Hello Everyone, i hope you all will be doing good in your life and your trading as well! In today's post, i have brought a very interesting reversal setup on Route Mobile Ltd.

After spending over 2 years inside a falling channel, the stock has recently shown a sharp bounce right from the long-term channel support, which has held strong since 2022. Not just that, this bounce came with a strong volume spike, hinting at fresh buying interest.

The current price action structure is clearly indicating a potential trend reversal from the lows. I have marked a Good Accumulation Zone between (1100-1030), where smart money seems to have stepped in. If this setup works out, I am looking we can see good spike in coming few weeks, Please check chart above to know about the targets.

To manage risk, I have kept a safe Stop Loss at 863, which is approx 12% downside, while potential upside is over 47%. That gives us a solid risk-reward structure for positional traders.

Technicals Match Fundamentals:
Route Mobile is a strong player in global cloud communications, working with big names across the world. Long-term fundamentals remain stable, and the chart now supports a technical reversal.

If you enjoy such chart-based trade setups backed by structure and logic, don’t forget to LIKE & FOLLOW for more.

Disclaimer: This idea is purely educational. Please consult your advisor before investing.