HBL POWER - FRESH ATH MOVE?
Updated
HBL Power offers a good setup in the extreme short term and has managed to hold on to key support levels despite global uncertainty and volatility.
With the stock respecting the 0.618 levels and consolidating above it, it setups itself nicely to break its ATH and resume its momentum.
With the stock respecting the 0.618 levels and consolidating above it, it setups itself nicely to break its ATH and resume its momentum.
Trade closed: target reached
Today, it has made an intraday high of 309 (8%) from yesterdays closing levels. I don't expect a big followthrough tomorrow given FOMC minutes and PPI data being released in US. In any case, use a TSL and hold if you like.
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