samkrg piston & rings looks bullish in medium term

In weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding,

In daily also price broke out of horizontal resistance with good volume,

fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to peers, healthy dividend payout,

with an initial sl - 290, one can ride the uptrend here,

تم فتح الصفقة:

after a retracement, morning star formed at horizontal support.

Also taking support at 20 MA

تم فتح الصفقة:

price bounced from the support level

تم فتح الصفقة:

volatility decreasing and BB is squeezing

تم فتح الصفقة:

till now 365.55, price closed above horizontal resistance with good volume and closed above upper BB

تم إغلاق الصفقة يدويًا