The movement that comes in a stock price after a long consolidation is likely to skyrocket and is difficult for an investor to catch hold of the price.
The same is the case with Vguard Industries. It has given a multiple top breakout after 3.5 years and is perfectly retesting the breakout level.However, this is a low volatile stock.
As far as the business is concerned, financials are in an uptrend coupled with increase in market share.
Medium term investor can get into this for a target of 350 while a long term investors can hold it for 100% returns.
#TradeTheTrend#TechnicalPick#PortfolioStock
The same is the case with Vguard Industries. It has given a multiple top breakout after 3.5 years and is perfectly retesting the breakout level.However, this is a low volatile stock.
As far as the business is concerned, financials are in an uptrend coupled with increase in market share.
Medium term investor can get into this for a target of 350 while a long term investors can hold it for 100% returns.
#TradeTheTrend#TechnicalPick#PortfolioStock