ITDC - Technical long trade

١٣ ديسمبر ٢٠٢٣

I like this chart. Chart gave a breakout from cup and handle pattern, did complete retracement and regularly making rounding bottom patterns which is a sign of accumulation. Closing above 450 will open next levels of 570 and 700 in medium term. If someone wants to keep a small stop loss then cut this trade on weekly closing below 370. Weekly closing below 340 is a proper stop loss for this trade.