We could expect some deadcat bounce in this heavyweight, Today's Low becomes a important level!
Trade Setup -
Long above 2825 for targets mentioned on the chart, however traders should stay cautious when the stock reaches 2965-75 zone where selling should come. Any break above 3025 would give us a trending move towards new highs!
Strict SL should be followed when it fails to sustain above 2800 and starts sliding below 2780-70
(All levels +/- 10 points)
Trade Setup -
Long above 2825 for targets mentioned on the chart, however traders should stay cautious when the stock reaches 2965-75 zone where selling should come. Any break above 3025 would give us a trending move towards new highs!
Strict SL should be followed when it fails to sustain above 2800 and starts sliding below 2780-70
(All levels +/- 10 points)