Stock Radar: 30% rally in a month! This brewery stock gives breakout from Flag pattern; time to buy?
- Posted on September 18, 2024
- By Business News Today
- 3 Views
Stock Radar: 30% rally in a month! This brewery stock gives breakout from Flag pattern; time to buy?
The stock's recent breakout from a bullish flag pattern hints at a continued upward trend. This follows a previous breakout from a rectangle pattern in August. The stock has navigated a range, with 1,800-1,900 acting as resistance and 1,500 or the 200-day moving average offering support. Currently, the stock trades above key short and long-term moving averages, further reinforcing the positive outlook.