OLECTRA - The beginning of New trend towards 2000+
1 - The change of character in price is one simple concept
" The stock moves from lower high - lower lows to forming a higher high and higher low"
This concept is well seen in OLECTRA since stock ended its correction, formed an initial high at 1450, continued the trend with trendline support and is now moving towards 1720 - 1919 - 2000.
2 - This can be seen and at current levels moving up, it is also outperforming the broader Index by staying above its short to mid term trend averages.
#TechnicalViews#WatchOutFor#SectorBreakouts#PsychologyofMoney

1,032 likes·67 comments

















