Exide CMP 393
Fibs- the correction to 50% from a higher swing is strength.
RSI - the oscillator on both the monthly and weekly is above the bull zone indicating the longer term trend is intact.
Commposite- the retest of the maximum spread on the oscillator is telling me the bottom is in place.
Conclusion - The stock is corrected 50% and the technical set up is still indicating a buy. the first tgt is at 507 ,once this zone is broken then it will make new highs.
Fibs- the correction to 50% from a higher swing is strength.
RSI - the oscillator on both the monthly and weekly is above the bull zone indicating the longer term trend is intact.
Commposite- the retest of the maximum spread on the oscillator is telling me the bottom is in place.
Conclusion - The stock is corrected 50% and the technical set up is still indicating a buy. the first tgt is at 507 ,once this zone is broken then it will make new highs.
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