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SKIPPER - Weekly Chart Analysis, CMP-260.55

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After the low cheat trigger (80-85) it gave a weekly gap away move and went for the cheat levels. (120-125)
And now it seems to have successfully and heading for a pivot high levels (276-292) which is a supply zone.
An 18 week base of 32% range which has also given multiple shakeouts probably removing all the weak heads out it has closed the week on strong volumes.

239 shall act as a support now and a weekly close with follow through shall negate our view or Until the trend line is broken.
The stock has made a good squeeze and is now above all its key moving averages.

276 - 292 - 337 - 395 are the levels it can test in the long term.

Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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Chart PatternsTechnical IndicatorsSKIPPERTrend Analysis

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