05 November 2009
UNITED SPIRIT - WEAK BREAKOUT FROM RISING TRIANGLE
MCDOWELL made an early breakout from rising triangle while the broader market is still hasitant even to cover the shorts fully and that probably explains poor volumes when this stock brokeout today. Now this stock has to sustain above 1075 to qualify investment for medium term triangle breakout target of 1300+. The chart looks very bullish and should see good upside.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment