HELIOUS AND MATHESON
- As per previous report published on Helios And Matheson stock gave sharp up move after breaking its trend line resistance @ 87.25 and after that stock made a high around 100. (Click here to see previous report publised on Helios And Matheson).
- Now daily chart indicates that stock is trading above golden ratio but facing trend line resistance around 95, once stock closes and stays above 95 then further strength is expecting and will find next resistance around 101 its previous top.
- Intraday close watch once stock starts trading above 95, if holds above 95 during trading hours then bulls action is expecting in intraday.
- Suggested Reading - DCB BANK moving in a range, will favor bulls once closes above.
- As per graph no2 stock has formed double bottom formation, this indicates once stock breaks and closes above its formation then sharp bulls action is expecting, close watch.
- As per graph no3. stock has moved up with good volumes this shows bulls are active in this stock so far, and stock major trend indicator "MACD" & "Stochastic Oscillator" is moving in +ve zone and indicates that stock to move up.
- Click here to see all the free trading reports (tips) published by us on Helios And Matheson.
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