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Dear readers once again i'm bringing one more stock which is very close to its yearly breakout point. stock name is "AIA Engineering Ltd". Now because its a triangle look alike pattern, so here my first disclaimer is that i don't follow this kind of pattern very often but yet i'm submitting this study because i'm sure some of from you are definitely love triangle breakouts. So here you can do your own analysis in this counter but as of now according to my available knowledge, stock is very close to its breakout point which is 1870 on weekly chart. This chart is a weekly technical chart for a period of 3 year.
Here in this chart i have observed some important positive facts which are as following...
- Stock is trading near all time high.
- there will be no overhead supply now.
- Stocks over all life time charts indicates a very bullish up trend. you can check its 10 year chart.
-Odds are in favour of bullish trend.
So you can also make your own research in this counter and if you like my post dont forget to share and subscribe this blog with your fellow traders.
Disclaimer :- All research based articles are meant to made for educational purpose with out any buy or sell recommendations.
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