pharma sector should recover now.

Aktualisiert
cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
Anmerkung
Another version of channel, Snapshot
Anmerkung
regular bullish divergence seen in daily. Snapshot
Trade ist aktiv
closed at 8902.05
Trade ist aktiv
moving up as expected 9071.70
Trade ist aktiv
till now 9140.
Trade ist aktiv
till now 9270.
Anmerkung
In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness. Snapshot
Trade ist aktiv
Here is the weekly followup chart Snapshot
Trade ist aktiv
bounced from trendline support, it should now move towards the channel resistance. Snapshot
Trade ist aktiv
price moving up smartly, after bouncing from trend line support. till now 9477.75.
Snapshot
Trade geschlossen: Ziel wurde erreicht
price finally reached the channel resistance, cheers, Snapshot
Anmerkung
cmp - 8966.30, price cam down from the channel resistance took horizontal support at previous low, then started moving up,
Snapshot

looks like long term reversal is in progress.
Anmerkung
cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
Snapshot
bounceChart PatternsDescending ChannelsupportTrend Analysis

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