Hikal - Channel bottom
Hikal has had bad news followed by bad results in the past 6 months. The stock has corrected 60% from the top.
The stock has rejected almost all support levels thus far. Its currently at the channel bottom and 200WEMA.
It needs to bounce on Monday else the price could be headed for 271 (Fibo level) followed by 205 which is a breakout retest.
Be cautious if you are holding it and it breaks this key key support level.
The stock has rejected almost all support levels thus far. Its currently at the channel bottom and 200WEMA.
It needs to bounce on Monday else the price could be headed for 271 (Fibo level) followed by 205 which is a breakout retest.
Be cautious if you are holding it and it breaks this key key support level.
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