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Trade 10: RELAX0

 Buy RELAXO

BUY = 725

STOP = 675

TARGET = 850

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Weekly chart of RELAXO

Why RELAXO is a buy?

The all-time high of Relaxo is 830.

A few weeks ago the price level of 650 acted as strong support.

The stock recently gave a breakout from the short term resistance of around 680. 


The present momentum of this stock seems to sustain and continue.

stock is a buy at 725 with a stop of 675. The target price is 850. 




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