Prime Focus is exhibiting exceptional strength, building upon a remarkable long-term uptrend. Since May 2020, the stock has delivered a staggering 1,019% return. Recent price action suggests this rally is not only continuing but potentially accelerating.
## Key Bullish Developments 📈
Dual Resistance Breakout: Last week, the stock decisively broke through two critical levels: a short-term resistance trendline and, more importantly, a significant long-term angular resistance. This signals the resolution of a major consolidation phase in favor of the bulls.
Volume Confirmation: The breakout was validated by exceptionally high trading volume, indicating strong institutional interest and conviction behind the move, which culminated in a +19.27% surge for the week.
Technical Strength: The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state, a classic bullish sign of underlying momentum. Furthermore, the stock has consistently respected its long-term support trendline throughout its multi-year advance.
## Outlook and Strategy
While the breakout is decisively bullish, a minor pullback or consolidation in the short term would be healthy due to potential profit-booking after such a sharp rally.
Overall, the powerful breakout on massive volume suggests that Prime Focus has entered a new phase of its uptrend. The stock is now well-positioned to challenge its previous All-Time Highs (ATHs) in the near future.
Watch the coming week's price-action !!
## Key Bullish Developments 📈
Dual Resistance Breakout: Last week, the stock decisively broke through two critical levels: a short-term resistance trendline and, more importantly, a significant long-term angular resistance. This signals the resolution of a major consolidation phase in favor of the bulls.
Volume Confirmation: The breakout was validated by exceptionally high trading volume, indicating strong institutional interest and conviction behind the move, which culminated in a +19.27% surge for the week.
Technical Strength: The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state, a classic bullish sign of underlying momentum. Furthermore, the stock has consistently respected its long-term support trendline throughout its multi-year advance.
## Outlook and Strategy
While the breakout is decisively bullish, a minor pullback or consolidation in the short term would be healthy due to potential profit-booking after such a sharp rally.
Overall, the powerful breakout on massive volume suggests that Prime Focus has entered a new phase of its uptrend. The stock is now well-positioned to challenge its previous All-Time Highs (ATHs) in the near future.
Watch the coming week's price-action !!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน