Cummins gave a structural breakdown in Sept 21, but it lacked follow up. Given the breakdown the stock should have reached much lower levels.
The stock has formed a base 878-1000 levels and moving towards the upper end once again. Previously stock faced strong rejection.
Strong rejections when crossed create strong moves.
One longer time frame charts, Stock is near to Life highs too.
and there is a sign of accumulation as marked by box.
Keep an SL at 875 levels.
accumulate in Parts until SL is held.
expecting min 15 to 20 % move.
The stock has formed a base 878-1000 levels and moving towards the upper end once again. Previously stock faced strong rejection.
Strong rejections when crossed create strong moves.
One longer time frame charts, Stock is near to Life highs too.
and there is a sign of accumulation as marked by box.
Keep an SL at 875 levels.
accumulate in Parts until SL is held.
expecting min 15 to 20 % move.