NIACL Rounding bottom pattern Breakout

Insurance stocks are seeing some revival after a prolonged phase of decline. NIACL sees price emerging out of a rounded bottom pattern that has lasted more than six months. A steady pattern of higher highs and higher lows shows that the trend is up. We also see a golden cross where the 50-period Moving average trades above 200 days moving average. On the upside expect a rally to 150 and above that 180. Hold for several weeks.