Gelnmark – Double Bottom
As mentioned yesterday, a reversal in pharma seems around the corner.
The stock has formed a good Double bottom with divergence and a large Bullish candle indicating that Buying Momentum is picking up.
Good opportunity to go long with a stop loss near ~ 500 levels for a target of ~ 582.
(However, keep an eye on the results)
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
The stock has formed a good Double bottom with divergence and a large Bullish candle indicating that Buying Momentum is picking up.
Good opportunity to go long with a stop loss near ~ 500 levels for a target of ~ 582.
(However, keep an eye on the results)
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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