Stock has shown a strong breakout backed by volume. RSI is also favouring bulls indicates momentum is likely to escalate. Price has also breaks the monthly pivot level with volume this is clean and good eye appeal for most swing traders. Stock is also trading above its 20EMA AND 50EMA represents short term and medium term trend is positive. MACD has also confirmed the strength of momentum by giving positive crossover.
Stock has given an “All Time High” breakout with strong volume. RSI and MACD have also indicated bullish momentum. Stock has given breakout of cup and handle chart pattern too. Stock is currently trading around monthly R3 level. This breakout is backed by momentum, price action and volume. This is clean and has good eye appeal for most swing traders
Sea pony bullish harmonic pattern formed in daily timeframe chart. RSI is also favouring bulls by giving positive crossover represents momentum is likely to escalate soon. Price action has confirmed the harmonic pattern by breaking high of “D” point. MACD has not confirmed the strength of momentum yet. The upper level as per price retracement is 2842 and 2911.
Sea pony bullish harmonic pattern formed in daily timeframe chart. RSI is also favouring bulls by giving positive crossover represents momentum is likely to escalate soon. Price action has confirmed the harmonic pattern by breaking high of “D” point. Stock has also given breakout of trend line backed by strong volume and strong bullish candle. This setup has backing of momentum, volume and price action.
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On the weekly timeframe chart bullish harmonic pattern is detected price is also above high of “D” point confirming the pattern. Along with that a bullish candlestick pattern “Engulfing Line Bull” is formed. Interestingly, stock is moving in the rising channel from almost a year. But as per RSI positive momentum signal is not formed yet. If stock enters the channel supported by RSI and price action confirmation it has potential upside till 662 and 714 levels as per price extension tool.