Soulblighter

Soulblighter

an update to my last post. many had already drawn the bullish flag. but also imp to see is how it managed the support level i had mentioned. now it needs to break the resistance for 52wk high move.

Soulblighter

Likely zone where it could reverse, will not look to short from here on ! if you enter, enter with proper sl and go real long !

Soulblighter

an update to what i had posted last. here we are. ! resistance zone marked. good times ahead !!!

Soulblighter

And so an obvious thing that breakout was multiyear and whole world was after it. and withing few weeks its at a crucial juncture.

Soulblighter

in continuation. support and resistances marked are respected nicely.

Soulblighter

just an update. behaving as per my expectation.

Soulblighter

Ready to Roar or just another Hoax ! i think bottom could be in place.

Soulblighter

Expected 80-90 zone. but to buy or not is big question ! lets see. i still feel this could be worth looking at.

Soulblighter

Seems heading lower until something happens tomorrow ! the zone is imp ! enroute to lower levels but keep a strict sl before shorting,

Soulblighter

will gather momentum above 520. i think its a 700 candidate. lets see how it unfolds.

Soulblighter

Giant is being butchered. i may not initiate longs just yet .

Soulblighter

An update. green support, red resistance. solid lines strong , dotted lines minor in strength. on 100 Ema on weekly. lets see how it spans out. rsi close to 23 now.

Soulblighter

coming onto multi-year low. this is very imp to hold. whips could be a part but essentially, this has to hold. crucial zone

Soulblighter

Its not rude at the moment. nothing to worry

Soulblighter

So support went down. looks like market is in no mood to stop at such support. next up in chart. this too can be broken if things dont change. will keep rolling them. make sure you trade with strict sl. market is in mood to trigger your sl. !

Soulblighter

Massive divergence on Monthly. I have personally not seen before, but if this holds , we can be sure that bottom could be in place. pharma has seen 4 years of stressful selling. time to pause and reverse !!! will see soon.

Soulblighter

Needs to fire up now. not sure if fundamentally things are fine, but a close above 230 can take it to 250 zone.

Soulblighter

The targets in sight are the resistances. better than expected result could firm it up. i think pharma is on the cusp of bottoming out.