Buying the Small Cap Breakout: Generic Construction

Sunday, March 26 Leave a Comment

Generic Engineering (GENCON ) we discussed in last analysis breakout above 115 for a move towards 122/130
Generic has closed above 115 but still has not achieved the target of 122 High made was 119.80. Stock has finally close above the breakout level of 115 and has been trading in tight range of 112-119 from past 2 weeks. Below is the technical update on stocks for the further move we are anticipating.

Generic Hourly

Generic Hourly Chart closed above the breakout level of 115 and almost near our target of 122, High made till now is 119.80. As stock has been
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