CUB has been moving in a steep channel in the weekly chart and it has consolidated around the resistance at 31 for almost 4 weeks. It is now almost at the bottom of the channel and the volumes are on the rise. This gives an excellent risk reward opportunity as the stock should now make its next attempt at crossing the resistance zone with volumes supporting it should achieve it if the markets either stabilise or resume the upmove.
TARGET 1 = 37 IN SHORT TERM
TARGET 2 = 50+ LONG TERM
STOP = BELOW 28.50
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