the bigger the base, the higher in space
the chart says it all. Carbacid is a phenomenal company with a leading market position in the East African region. this moat is reflected in the company's stable financial metrics.
Mr Patel, a prominent investor on the NSE has increased his stake from approx. 25% to 49.9% over the past decade. One would be hard-pressed to find a company with a much stronger balance sheet.
wrt technicals, we'd need a much cleaner breakout to trigger an entry.
Mr Patel, a prominent investor on the NSE has increased his stake from approx. 25% to 49.9% over the past decade. One would be hard-pressed to find a company with a much stronger balance sheet.
wrt technicals, we'd need a much cleaner breakout to trigger an entry.
Note
the market may have gotten ahead of itself after the CMA gave CARB the clearance to acquire BOC. we still remain bullish and maintain our price target.
we could get a second bite at the cherry as price nears the "golden zone"/mid-point of the fibonacci retracement.
Trade active
we saw a much deeper retracement than expected. good news is, we have formed a higher low which is indicative of an uptrend. it is quite unfortunate that my note has blocked subsequent bars. pardon me. 
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Disclaimer
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.