Double bottom with retest of resistance level

٢١ أكتوبر ٢٠٢١

Stock has made a double bottom on daily chart, with retesting its previous resistance. Previously stock faced resistance at around 118-120 levels and corrected nearly 25%. Later stock gave breakout and made a high of 146. Then, stock again corrected nearly 20% from its high and now has retested and taken support from its previous resistance levels of 118-120. One can consider long, with SL 115 on weekly CB for the target of 137/150+, with more than 1:2 RR.