Just Dial - Breaking out Down Trendline on Daily Chart (BUY)

31 ก.ค. 2016

The price action has reached to the bottom and now we have noticed a breakout from a prevailing downward trendline which indicates a positive sentiment emerging in the price action. I have also noticed a MACD crossover and also RSI getting out from oversold areas. This also indicates positive sentiments. On weekly and Monthly chart I noticed a double bottom and doji formation, that signals a trend change.

It is trading at good risk reward and it is wise to take positions on current levels.

Target 1 : 600
Target 2 : 630
Stoploss : 540