2330 Technical & Fundamental Analysis: Bullish Setup in Play
2330 (Advanced Petrochemical Co.)
Technically, the stock is trading within an ascending channel and recently bounced from it support, offering an attractive risk-to-reward opportunity. The structure favors continuation toward the channel resistance at 36–37, which also aligns with the previous higher high. Price is also trading above the 89 EMA, a level it has historically respected, with RSI in sync to support the bullish momentum.
On the fundamental side, Advanced Petrochemical has delivered strong results over the past two quarters — showing growth in gross profit, operating income, and net margin, while maintaining a healthy free cash flow. This reinforces the bullish technical picture.
Recommended Levels:
As long as price respects the ascending channel and fundamentals continue to support momentum, upside potential remains intact.
Technically, the stock is trading within an ascending channel and recently bounced from it support, offering an attractive risk-to-reward opportunity. The structure favors continuation toward the channel resistance at 36–37, which also aligns with the previous higher high. Price is also trading above the 89 EMA, a level it has historically respected, with RSI in sync to support the bullish momentum.
On the fundamental side, Advanced Petrochemical has delivered strong results over the past two quarters — showing growth in gross profit, operating income, and net margin, while maintaining a healthy free cash flow. This reinforces the bullish technical picture.
Recommended Levels:
- Buy 1: 33.70 (CMP)
- Buy 2: 33.00
- Stop Loss: Closing below 31.50
- Take Profit 1: 36.00–37.00 (channel resistance / previous HH)
- Take Profit 2: 40.00
- Take Profit 3: Ride the trend with a trailing stop
As long as price respects the ascending channel and fundamentals continue to support momentum, upside potential remains intact.
Trade attivo
TP1 hit
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.