Maridive

MOIL spent 2-3 months suffering from a sideways movement between $2.50 and $2.70, it mangeed to breach the $2.70-2.75 horizontal resistance on last session. Confirmed breach to that level will trigger buy signal targeting $2.90 and could be extended to $3.00-3.10. Stop loss for near-term trader would be $2.70 while $2.50 will act as stop loss for medium-term investors.