McDowell_N had a nice breakout and was consolidating for last 2-3 days after breakout. It did not come down to touch its support, rather it found its support at higher levels. Lets wait for Bull Power Indicator to cross above Bear Power Indicator to go long in this stock or go long above 720, high of the breakout candle.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.