'Strongly Bullish' on SAIL for long term; Weekly Chart analysed
*The stock hit a fresh 52-week high of 151.30 on 10th May 2021, but failed to hold on to the momentum, falling about 58%.
*SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47%.
*In terms of price action, the stock is trading well above all the short-term and long-term moving averages.
*RSI is above 50 and MACD gave bullish crossover above its signal line on 2nd March 2023.
*Based on bullish moving averages and technical indicators, it is expected that the stock's price will continue to rise towards the assigned targets, with a recommended stop loss of 83 on a closing basis.
*SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47%.
*In terms of price action, the stock is trading well above all the short-term and long-term moving averages.
*RSI is above 50 and MACD gave bullish crossover above its signal line on 2nd March 2023.
*Based on bullish moving averages and technical indicators, it is expected that the stock's price will continue to rise towards the assigned targets, with a recommended stop loss of 83 on a closing basis.
Nota
Target 1 achieved on 1st Sep'23.Nota
Target 2 achieved today !!Nota
Target 3 approaching...Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.