GLAND trade ideas
GLAND Rectangle channel breakoutGLAND is trading near higher end of the channel, past few days trend shows higher highs.
RSI has closed above 60 on daily chart, which has already given breakout on daily charts. last 2 instances faced resistance at 60 level.
closing above 2500 can open up next leg of rally.
keep this stock on radar.
Gland Pharma - potential bearish signal?Formation of Head and Shoulders Reversal Pattern as well as Descending Triangle seems to indicate bearish move on the stock. Volumes not giving a clear indication though.
Disclaimer: I am still learning Technical Analysis and am trying to apply the concepts learned.
Possible Cup and Handle pattern in GLANDPHARMAGLAND is forming a cup and handle pattern. If it breakout the neckline of the pattern, it will be a good opportunity to go Long. so keep an eye on this. Levels mentioned in the chart.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.