Advanced Enzymes - Technically Positive
Advenzymes has taken a dip of about 40% from its all time high of 503.70 on 19/05/2021. However, fundamentals have not fallen to the comparable intensity.
Positive Triggers:
1. Positive RSI Divergence: 2 times positive RSI divergence within short period of time
2. Prices moving up after a healthy consolidation within same range for longer time
3. W Pattern is in formation
4. Handle, from the Cup and Handle Pattern, will be in formation if price move upwards. And, that pattern will be made over a pretty long period i.e., from October 2016.
Key Resistances:
1. 334
2. 350
3. 374
4. 415
Positive Triggers:
1. Positive RSI Divergence: 2 times positive RSI divergence within short period of time
2. Prices moving up after a healthy consolidation within same range for longer time
3. W Pattern is in formation
4. Handle, from the Cup and Handle Pattern, will be in formation if price move upwards. And, that pattern will be made over a pretty long period i.e., from October 2016.
Key Resistances:
1. 334
2. 350
3. 374
4. 415
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