Technical View: BCC Fuba
Price breaking out on a weekly and daily chart with High Volume after 10 months of consolidation.
Daily chart breakout after the budget announcement with Highest Volume of the Year
There was some increase in the customs duty (BCD) from 10 to 15 percent on PCBA of specified telecom equipment.
However, PCB is chosen based on the specific requirements of the telecom equipment, such as durability, heat resistance, and signal integrity.
Mutilayer PCBs are one of them and Bcc Fuba is a manufacturer of the same.
It’s my guess based on the budget announcement and positive reaction by the stocks, I may be wrong altogether.
Disc: Have a position based on technical, will close the trade if it falls below the resistance level marked.
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