Dishman Pharma: Looks Set To Resume UptrendPrice has drifted lower and notice the diminishing size of the red candles in that ellipse. This is a sign of lack of selling interest. Such moves typically is to test the resolve of weaker hands at prior zones.
In this case, price has revisited the prior breakout level marked by the horizontal red line. Notice the drop in volume during the recent drift down and the spike in volume as price approached the red line.
My expectation is that the price would resume its uptrend soon and clear the recent high of 268 and head further north. Watch this stock.
