Do you see a bullish breakout in a weak market?
Do you see a bullish breakout in a weak market?
$MALO.NS $MAHLOG (India)
The USA market had a weak day (NASDAQ fell by 5%). The Asian markets reflected the weakness the next day. The Indian market also opened in the red.
In such weakness, I looked for stocks showing bullish Breakouts. It was easy to find those using #CUE. Here is one.
Its industry is among the top 20% of all industries today and is up by a massive 3.3%.
$MALO has high earnings growth. Many peer stocks are up.
The stock has BigMoveUp3 extreme bullish momentum with bullish Pressure and Extreme Activity. Relative Performance is sharply tilting up. It has a bullish Flow and also a Reversal day.
It is breaking out of both weekly and daily Memory trendline resistances. If the breakout stays at the close, that will be a clear bullish breakout.
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