Hi friends,
Revisiting BOB chart had given a smal trade in bob yesterday for c wave rally
which was reached today and reversal came along with that ,Look old post here BOB .
Now looking at the broader picture look at the following chart.
The c wave rally touched the trendline resistance and reversed ferociously ,This stock would be targeting 600-580 levels in coming weeks.
Look to short this in any counter rally stop loss should be 680.
Regards
Rish
Revisiting BOB chart had given a smal trade in bob yesterday for c wave rally
which was reached today and reversal came along with that ,Look old post here BOB .
Now looking at the broader picture look at the following chart.
The c wave rally touched the trendline resistance and reversed ferociously ,This stock would be targeting 600-580 levels in coming weeks.
Look to short this in any counter rally stop loss should be 680.
Regards
Rish