Leading sector riser today on heavy volume27 May 2026 11:09
Leading sector riser today on heavy volume. Sector chart is breaking upward out of a bullish reverse head & shoulder chart price pattern.
MUL, overhead supply from previous trading volume, is 19 months past and overhead supply from equity selling usually loses it's significance after 24 months.
The long term quarterly chart shows the RSI(relative strength index) for quarter April-June26, has made a bullish failure swing through crossing above previous historical RSI swing highs. The last time RSI was higher was in year 2012.
RSI, is above the value of 50 in both daily & weekly charts, which signifies an bullish uptrend. Today rally has pushed the sp above the volatility based upper Bollinger band on both daily & weekly charts, confirming separately the bullish uptrend is in place. A sp target of 149.82 looks reasonable suggesting a percentage upside of 22% from today's sp. DYOR.