DCAL
CMP 122
Has it completed the correction ?
Is the new leg starting?
RSI divergence has played out, it has crossed its intial trading range . Daily/weekly MACD are in buy zone. Huge volumes seen in last two weeks.
Cautions :
a) Although it has corssed baove first trading range, it needs to close above it on weekend, and for few more following weeks .
b) Currently dialy RSI is overheated and daily BB has expanded a lot. A cool-off in both can lead to some correction and consolidation.
Overall it is a great set-up bit need to consolidate for few weeks for it to run well in future.
Weekly Chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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