Beskrivning
⋅ cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
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⋅ Another version of channel, Kommentera
⋅ regular bullish divergence seen in daily. Handel aktiv
⋅ closed at 8902.05
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⋅ moving up as expected 9071.70
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⋅ till now 9140.
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⋅ till now 9270.
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⋅ In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness. Handel aktiv
⋅ Here is the weekly followup chart Handel aktiv
⋅ bounced from trendline support, it should now move towards the channel resistance. Handel aktiv
⋅ price moving up smartly, after bouncing from trend line support. till now 9477.75.
Trade stängt: målet nått
⋅ price finally reached the channel resistance, cheers, Kommentera
⋅ 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. Kommentera
⋅ cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish