Today's Opening - 483
Today's High - 491.5
Today's Low - 481
Today's Closing - 487
Previous Day's Opening - 475
Previous Day's High - 486.5
Previous Day's Low - 475
Previous Day's Closing - 485
Huffff! Another stock with Flattish closing, with volumes higher than the previous day.
The 20-day Commodity Channel Index has risen into the positive territory for the first time since 7th Sep.
For the first time since 23rd Sep, the 14-day Positive Directional Index is now marginally stronger than the Negative one.
The closing has been above the 5-day Exponential Moving Average for the past two days.
The 3, 10-day Moving Average Convergence Divergence has remained positive for the past two days.
However, the closing candle is still below the 13-day, 16-day Ichimoku Kinko Hyo cloud.
The 2-day Relative Strength Index is above 98%.
In my previous post on this stock, I'd mentioned that having bounced from the support of 470, if the stock can sustain above 485, then it will run up to 536. The stock could not sustain above 485, went down to take support at 470 again and has now bounced back to 487. After consolidating at this level for a day or two, if the stock can stay above 481, then it can still breach 499 leading to 536.
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