Description
⋅ cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
Commentaire
⋅ Another version of channel, Commentaire
⋅ regular bullish divergence seen in daily. Transaction en cours
⋅ closed at 8902.05
Transaction en cours
⋅ moving up as expected 9071.70
Transaction en cours
⋅ till now 9140.
Transaction en cours
⋅ till now 9270.
Commentaire
⋅ In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness. Transaction en cours
⋅ Here is the weekly followup chart Transaction en cours
⋅ bounced from trendline support, it should now move towards the channel resistance. Transaction en cours
⋅ price moving up smartly, after bouncing from trend line support. till now 9477.75.
Trade fermée: cible de profit atteinte
⋅ price finally reached the channel resistance, cheers, Commentaire
⋅ cmp - 8966.30, price cam down from the channel resistance took horizontal support at previous low, then started moving up,
looks like long term reversal is in progress. Commentaire
⋅ cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish