Gail- lookout stock for break out
Gail is at resistance levels from which it has taken multiple rejections and is again approaching the level of 112 with volume increase. it is also creating a cup and handle pattern at these levels and can also be considered a range break out above 113.
if results are good (result date 18/5/23) and stock manages to close above 114, then target will be 123 and then 133 (previous ATH) and then 146 as per Fib levels). position can be considered with sl at 111. R/R seems favourable.
Adding to my watch list
This is my impression of the stock and not a trading recommendation
if results are good (result date 18/5/23) and stock manages to close above 114, then target will be 123 and then 133 (previous ATH) and then 146 as per Fib levels). position can be considered with sl at 111. R/R seems favourable.
Adding to my watch list
This is my impression of the stock and not a trading recommendation
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