Pharma stocks have been doing ok for some time now.
Considering the fact that they were coming from dead, there was still a lot of skepticism around though.
Today pharma had a break out day that should covert the non-believers.
While the likes of DIVISLAB and AUROPHARMA has a day in the Sun, there are better bets out there.
GLENMARK here has just broken out and...
This stock has run up like no tomorrow lately.
Was a great run. Hope our community made some money off of it.
If not, worry not. Here is your chance!
Clear path to ~760, about 100 points down, is visible here.
Considering the overall bias that I have ( see the related trades), this one seems to be a very good short candidate.
If things pan out, this one will...
Symmetric Triangle pattern formation on Divislab on 1hr chart and it may break either side. MACD trend showing neutral bios. So, wait and catch the good entry.
Buy above - 664.00
Target 1 - 669.00
Target 2 - 674.00
Stop loss - 656.00
Short below - 652.50
Target 1 - 647.50
Target 2 - 642.50
Stop loss - 660.00