LINCOLN trade ideas
BullishLincoln 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.
Lincoln Pharma: Bull Pennant -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 own due diligence.
Buy lincoln pharma. Buy on dips.As can be seen the price is trading above the cloud after the recent up move, and is stronger than the index. However being in ASM can be a drag. It is suggested to be added on dips.
Lincoln pharma on the verge of a breakout.-Symmetrical triangle.
-Bullish candle.
-Fundamentally sound.
-Falling volumes suggest a strong move is close.
-Recent red candles on extremely low volume.
Lincoln PharmaThe stock has given a good Cup and Handle break out. Good times can be seen coming in the stock ahead.
Cup and handle on Lincoln Pharma weeklyWe have Cup and handle pattern on Lincoln. Post the break out from the current (handle's) channel will travel upwards journey.
