Bullish trend has returnedJPC CONNECTIVITY INC (6197. TT) is looking at a potential resumption of the uptrend after price action indicates a strong bullish break above the intermediate downtrend line and it has successfully cleared above the resistance at 146.50. We believe further upside is likely to continue as long-term MACD’s histogram remained positive and its signal/MACD line remained elevated above the zero line. Volume is also in a healthy position. Ichimoku shows a clear bullish signal. Short-term target is at 190.50 while long-term target is at 235.00. Support to accumulate on pullback is at 125.50.
