Multiple Support: Trendline Support + Fib Level +EMA
The stock corrected 20% from ATH and price at key level (weekly time frame):
- EMA 50 : in past stock has reversed multiple time FROM MOVERAGE AVERAGE and currently at same level.
- Fib .0618 : will be key level, if support break then expect a 10-15% further correction.
- Trendline Support : Upward trending stock, in past we have seen the reversal from base support.
The fundamental very good stock and accumulate at every dip.
Thanks
- EMA 50 : in past stock has reversed multiple time FROM MOVERAGE AVERAGE and currently at same level.
- Fib .0618 : will be key level, if support break then expect a 10-15% further correction.
- Trendline Support : Upward trending stock, in past we have seen the reversal from base support.
The fundamental very good stock and accumulate at every dip.
Thanks
