CASE STUDY: Can go long
1. Company with very strong fundamentals and background, deals with Aerospace, Defense, Precision Engineering. Enjoys Monopoly.
2. Post-listing. 1st weekly close was 1082.50. For almost 4 months was not able to give closing above 1st weekly close.
3. Created good range between 900-1000 levels and formed Inverse H & S pattern.
4. Post Inverse H & S breakout, now ready for Flag and Pole breakout
1. Company with very strong fundamentals and background, deals with Aerospace, Defense, Precision Engineering. Enjoys Monopoly.
2. Post-listing. 1st weekly close was 1082.50. For almost 4 months was not able to give closing above 1st weekly close.
3. Created good range between 900-1000 levels and formed Inverse H & S pattern.
4. Post Inverse H & S breakout, now ready for Flag and Pole breakout