DIXON : On the verge of Breakout
My Observations:
1. Dixon has formed a nice inverted Head & Shoulder pattern by down to sideway consolidation of approx. 10 months.
2. Breakout above 4700 (which is also a previous breakout level) will lead the stock to the final price target of 6135.
3. All Daily EMAs 20/50/100/200 are crossing up sequentially & moving up, confirming a strong uptrend for the stock.
1. Dixon has formed a nice inverted Head & Shoulder pattern by down to sideway consolidation of approx. 10 months.
2. Breakout above 4700 (which is also a previous breakout level) will lead the stock to the final price target of 6135.
3. All Daily EMAs 20/50/100/200 are crossing up sequentially & moving up, confirming a strong uptrend for the stock.
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