Titan : Tired?

29 set 2020

Titan posts a 3-day successive bounce back on back of high momentum. Of course this is the counter-move to the recent sell-off which turned the short-term trend down. Short term momentum indicators have gone overbought as the stock faces serious resistances within (1170-1200). I sense there is a short term shorting opportunity once the stock slips below the lows of 1160-1165. Trade Well.

30 set 2020

Nota

Definitely no sign of tiredness did Titan display today as the stock rallied with very high momentum. The stock however did not break below 1160 which would have triggered a short trade. From a very short term perspective now a break below 1195 can trigger some short term correction.