In weekly middle term analysis, this counter is considered breaking up recent new high of 3.50. After breaking this resistance, the next possible prospective targets are around 3.93, 4.77, 5.80, 6.12. Most of the secondary indicators are supportive to the uptrend. On this up trending, ema14,21,31 is useful as up trend price support movement; It's observed that a cut loss short below 3.25 is to save guard your capital and a trailing stop could planned below dynamic ema31 or worst case line L1.
1368 FABER
Candlestick's white Marubozu / bullish harami indicates the reversal signal that is confirmed by today's up. Let's observe for the candle to stay above the ema14,21,31 and further confirmation if it break up above line L1. Then the next possible targets are: 3.08, 3.44, 4.02, 4.96;
The traded volume has increased significantly, but advisable to wait for the confirmation
of MACD hook up above trigger line and stay above zero level.
Otherwise, plan the cut loss or trailing stop below 2.50.
