Chart insist me to go with the above titled opinion....
Reasons :
1. Stock has been respecting the expanding triangular pattern.
2. MSTC has given BREAKOUT with extra ordinary volume on 28th November.
3. Respecting the DOW theory and has formed HIGHER LOW and then BREAKOUT.
4. REVERSAL from perfect trendline Support.
Target and SL mentioned in chart...
High risky SL can day candle closing below the green bottom trendline.
Ever since the Breakout , its been in tight consolidation and retracement....RIGHT TIME FOR ENTRY!!!
Let's see how its going to move!!!
Note- Just Sharing my view...not a tip nor advice !!!!
Reasons :
1. Stock has been respecting the expanding triangular pattern.
2. MSTC has given BREAKOUT with extra ordinary volume on 28th November.
3. Respecting the DOW theory and has formed HIGHER LOW and then BREAKOUT.
4. REVERSAL from perfect trendline Support.
Target and SL mentioned in chart...
High risky SL can day candle closing below the green bottom trendline.
Ever since the Breakout , its been in tight consolidation and retracement....RIGHT TIME FOR ENTRY!!!
Let's see how its going to move!!!
Note- Just Sharing my view...not a tip nor advice !!!!
Commento:
NOW IN WEEKLY TIMEFRAME IT LOOKS BETTER WITH BREAKOUT TOO!!!
