Perfect Price Action: Gravita

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GRAVITA

Gravita is looking perfect on charts. With strong bullish probability one can go long with this stock.

Stock is at the Support zone.

• Support Supports this Stock:
  
  Price is bouncing from this price zone for the past three times. This acts as a perfect Support zone for the Stock.
  Mentioned in green arrows. With a green rectangle.
  
  
• Stock is Trending:
  
  Oscillators show the bullish sentiment by raising from the Oversold region.
  Can refer to the bottom strip on the chart where you can see a line raising from levels of 20.
  Anything below 20 is called an oversold zone and above 80 is called an overbought zone.
  
  
• Price Action and Candle Stick Pattern:
  
  Previous day candle has formed Hammer Pattern and the next candle has engulfed it with a strong green candle. This is a bullish sign for the stock.
  
  

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تم فتح الصفقة

First Target is Reached. However one can continue to hold looking upon the Strong candle. This can act as a breakout also.