The hourly candlestick chart of WockPharma forms a parallel channel, which creates a suitable long position opportunity with a 30% expected return and a Return-to-Risk ratio of 3. The RSI also shows a value of 29.
CLASSIC accumulation pattern bounce! buy for a target of 350 first,then 550..
very convincing long term buy here too and as i have published before since 200 levels.. looks ready for the big move here after some major consolidation on the weekly.
ZOOM out for longer term targets..
Note: This is for educational purpose only.
There seems to be a bullish ascending triangle breakout with ultra high volume. RSI above 60 indicates bullish momentum as well.
WOCKPHARMA:
BUY ABOVE 244
TARGETS: 246, 248, 250, 252
Posting for Educational purpose only
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