On monthly TF, butterfly pattern has been drawn. If it respects the pattern as it did up till now, we are expected to see a Bull run till next Dec 2025 for 350% gains in 15 months time. Therefore, this I would call a 3X stock.
On Daily TF, price has been sideways in accumulation phase for quite many days and it is expected that price will break through this zone very soon as Klinger is about to move upwards.
Fundamentally there are also good news coming up for refinery sectors which also confluence with the analysis. Therefore, Buying at present discounted price is highly recommended.
Trade Values
Buy: 238 , SL :137 , TP 1: 346, TP 2: 630, TP 3: 840 , TP 4: 1070
On Daily TF, price has been sideways in accumulation phase for quite many days and it is expected that price will break through this zone very soon as Klinger is about to move upwards.
Fundamentally there are also good news coming up for refinery sectors which also confluence with the analysis. Therefore, Buying at present discounted price is highly recommended.
Trade Values
Buy: 238 , SL :137 , TP 1: 346, TP 2: 630, TP 3: 840 , TP 4: 1070
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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.
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.