Nestle Weekly Chart: Stock is retesting the previous BO zone & consolidating above the BO zone in a tight range for 10 weeks. Trading above 30 WEMA & 200 DEMA suggests stock is still in the bullish zone. Keeping in watchlist if above breaks above the tight range marked then may start next leg of upmove. A breakdown below the range will gravitate towards testing 200 DEMA.
Only for educational purposes, not a buy/sell recommendation.