Lincoln Pharma made a giant leap yesterday to cross two resistance levels and is now likely to cross next ascending 1/1 angle at 268.50 by Monday or little later. If it does so and remains bullish, we may see a level of 350 in intermediate term. Present support is at 227.50 and once and when it crosses 266/ 267, this will again become a support.
-Pharma sector seeing some strong momentum.
-Lincoln Pharma broke through a resistance.
-Fundamentally strong company.
-The stock broke out of a bullish pennant today.
-Breakout on high volume.
-Stock also broke out of inverted H&S and cup & handle patterns on weekly charts.
-Can see the stock going to around 340 from here.
Not an investment advice, do your ...