6526 is looking at a strong possible bullish reversal as the stock has seen a possible end of its corrective structure. Furthermore, there is a v-shaped bottom reversal forming and given the strong momentum, the stock is likely to break above the neckline resistance of 2,371. We expect 1st target to reach 3,612. Long-term MACD is positive and shows strong momentum. Stochastic Oscillator has rose beyond the mid-point level and 23-period ROC is strong. Directional movement index reiterates the strong bullish strength.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.