BREAKOUT TRADE - PURE PRICE ACTION

٧ أغسطس ٢٠٢٠

Stock has given a bullish breakout with good volumes and RSI showing strength. The resistance level of 545 has been taken out and price action (higher lows) confirms the charge of bulls which clearly indicates a good upside potential in coming sessions.
It may retest the resistance turned support and then continue the upside rally. So wait for the right price action.

Disclaimer: Please take this for educational purpose. Trade on your own risk.

Happy trading. Happy investing!