pipswithme

SINCH long

OMXSTO:SINCH   SINCH AB
SINCH was a trading in downtrend since september 2021and from its peak at 205 SEK fell to 13.60 SEK but recently it seems downtrend has exhausted and bulls are in full control. Share is gearing up and alreday upto 112% and has long way to go. Moving average 21 and 84 are providing dynamic support now. In the short term we can target MA 200 which is potential next target. Last friday, we saw green candle with huge volume which is good sign for bulls. We also bullish engulfing which is sign of trend reversel.

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