RADICO - Weekly Chart Analysis
Uppdaterad
Stock worth to keep in watchlist.
Stock sustaining for 3 weeks now above the ATH levels. NR3 formation. It broke out of the resistance and you can see volume contraction while the base was been formed and it broke out with good volumes. On daily its sitting on IV Support and a possible retest of the resistance (which shall now act as support) we can assume is been done too.
Stock trading above all key MA's.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter than do you own due diligence and trade at you own risk.
Stock sustaining for 3 weeks now above the ATH levels. NR3 formation. It broke out of the resistance and you can see volume contraction while the base was been formed and it broke out with good volumes. On daily its sitting on IV Support and a possible retest of the resistance (which shall now act as support) we can assume is been done too.
Stock trading above all key MA's.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter than do you own due diligence and trade at you own risk.
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Ideally our SL was hit last week. ~13% 🔻
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