CESC looks bullishCESC popped up on 52-week breakout screener results
A few highlights
Increasing volume when approaching the neckline level 94
Decreasing volume while getting corrected
Hugh volume during breakout neckline
Trading at its all-time high 102 levels
There is no resistance if it breaks its all-time high
RSI above 60 on a monthly, weekly and daily time frame
Even if we set stop loss below the previous swing low, we can comfortably achieve a risk-to-reward ratio of over two. Good trade for a swing or short-term.
If the trend continues after retesting the neck level of 94, we may see 125 levels shortly. The depth of the cup is the target from the neckline.
