GATEWAY DISTRIPARKS LTD
A STRONG BREAKOUT...
This stocked move above and closed above its 200DMA which is at 193 and it penetrated its 1 year old Bear trendline. And most possibly a breakout from the triangle pattern. Immediate resistence is at 230 which is high of July. And thereafter it'l find the resistence at 267 and at 300. And the support comes at 193 and 177. As we see the breakout from the year old resistence line today, first let see whether is it just fluke or a genuine breakout. Afterall we're at the 6 month high.
A STRONG BREAKOUT...
This stocked move above and closed above its 200DMA which is at 193 and it penetrated its 1 year old Bear trendline. And most possibly a breakout from the triangle pattern. Immediate resistence is at 230 which is high of July. And thereafter it'l find the resistence at 267 and at 300. And the support comes at 193 and 177. As we see the breakout from the year old resistence line today, first let see whether is it just fluke or a genuine breakout. Afterall we're at the 6 month high.
posted by Naveen Pantera at 7:39 PM
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