WTL is a technology company at Pakistan Stock Exchange.
Over the period of one year the company has printed the soucer bottom. From Oct. 23 to date the script has been posting HH and HL.. This brings the conclusion that that accumulation phase is about to be over. Closing above 1.90 shall commence the breakout phase.
This trade may span over weeks. Support level has been drawn using the hourly charts. From Stop Loss to weekly high is buying zone.
Use utmost vigilance while entering the position as overhead cost of such small cap is high.
Over the period of one year the company has printed the soucer bottom. From Oct. 23 to date the script has been posting HH and HL.. This brings the conclusion that that accumulation phase is about to be over. Closing above 1.90 shall commence the breakout phase.
This trade may span over weeks. Support level has been drawn using the hourly charts. From Stop Loss to weekly high is buying zone.
Use utmost vigilance while entering the position as overhead cost of such small cap is high.