The stock is trading in a Range from almost 1month and recently it breakout on an intraday basis but was not able to sustain the move. The seller pushed the price again in the rectangle and is expected to move in the range. RSI was also showing divergence as well as MACD.

Expecting the stock to again trade in a rectangle pattern and is expected to correct at downside. A gap up opening was made and the stock has not closed below the gap, if the stock closes below the gap we can expect the stock to fill the stock.

Overall the opportunity is nearby, just need to wait patiently for the stock to close.

ADVICE : Wait for the stock to close above/below the rectangle

Opportunity Ahead

Jul 28 2021

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