AOL Outlook

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AOL OutlookAssociated Oxygen LtdDSEBD_DLY:AOLaltuskyThe chart paints a constructive picture. The demand zone held, the trend reversed, and momentum (as indicated by the MA crossover and BMS) has turned bullish. As long as the price continues to respect the upward channel's lower boundary and stays above the moving averages, the 24 BDT target seems like a reasonable next objective. That said, the stock has already rallied substantially from the demand zone lows (~12 BDT to ~18 BDT) — so risk management remains important, especially if the channel's lower support breaks.