100dollar

Fosun Pharma Long

Lång
100dollar Uppdaterad   
HKEX:2196   SHANGHAI FOSUN PHARMACEUTICAL GROUP
Long consolidation in mid 2020 till now for almost 1 year now.
Prices looks like it is ready to move up further to 50-52, so long as $30 stands as a strong support.
The far leg target to be 75-80.
Kommentera:
target 1 has hit with price hitting $62 at high.
Price took a retracement due to the covid vaccine patent IP news in US and nose dive about 25% before retracing back up.

With the validation of the support, we looking for next target of $75
Kommentera:
Price has now enter a new zone where we would expect it to further consolidate in 55-66 range before the next shot up to 75-80 .
Trade stängt: målet nått
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