Gelnmark – Double Bottom
As mentioned yesterday, a reversal in pharma seems around the corner.
The stock has formed a good Double bottom with divergence and a large Bullish candle indicating that Buying Momentum is picking up.
Good opportunity to go long with a stop loss near ~ 500 levels for a target of ~ 582.
(However, keep an eye on the results)
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
The stock has formed a good Double bottom with divergence and a large Bullish candle indicating that Buying Momentum is picking up.
Good opportunity to go long with a stop loss near ~ 500 levels for a target of ~ 582.
(However, keep an eye on the results)
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.