GALAXY SURFACTANTS - 70% ROI Potential Stock Mid Term Idea
A Fresh stage 2 Multiyear Flag breakout move.
Why I consider this attractive ?
1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024
2) The stock as compressed for 2 months at the breakout level.
3) Overhead supply is very minimal.
4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength.
Flag targets at about 5400.
Why I consider this attractive ?
1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024
2) The stock as compressed for 2 months at the breakout level.
3) Overhead supply is very minimal.
4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength.
Flag targets at about 5400.
Note
The trade is still open as weekly 30 EMA is held well. The stock is consolidating in a channel, expecting it to reach channel top at 3400 approx.Note
May consider a minimum gain exit and move capital to another counter as Breakout failure is seen here and the stock has decided to move in a channel rather ranging sideways 2668 - 3400
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