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[Premium] Trade Of The Week

February 8, 2023

This week we're looking into Capital Goods sector stocks.

Supreme Industries has faced resistance from the 261.8% Fibonacci level and has been forming a base for over a year. Recently it broke above the base on a relative and absolute basis while forming an all-time high. The momentum favours the move as long as it sustains above 2,448.
We are bullish above the risk management level of 2,448, with a target close to 3,483.

Click on the chart to zoom in.

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And if you're a Premium Member, check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team