just have a look at the long term chart of MCDOWELL recently we can see that it has taken a support on its long term trend line.
and look at the RSI and price development we can clearly spot that there is a biggest diverging movements going on….
RSI with lowering lows and price with hiring lows.
last 5 time we seen sharp jump in price.
so positional traders consider this chart with high priority….
as per trendline support looking at 2150 level and upside reversal can be confirm above 2350 level {on closing basis} , if it break 2150 and give close below this for 2 trading days then stock will change it trend….but looking at RSI we can say that if it want to break this level, then need some more time on chart now, so either it will consolidate now or give a sharp jump now..
so bottom line is 2150 highly important for next week trading…..staying long above this is looking beneficial, and closing above 2350 can give confirmation to it…