OnMobile MD and CEO Pancholy resigns Following this news Onmobile lost 10% on Monday, 27-02-2017. It crashed to 76.25 at one point. So to analyse the situation I opened the daily chart of OnMobile.
79-80 is a strong support zone for OnMobile. This was tested three times earlier. Fourth time it broke the level but quickly bounced back rejecting the lower level. Now we need to observe how the next bounce and subsequent re-trace. If the bounce was strong and retrace is weak then it will be a very good sign to enter long position.
No comments:
Post a Comment