Head & Shoulder formed in STAR!

17 בדצמ׳ 2020

Strides Pharma (STAR) has formed a H&S pattern. The most interesting thing about this is that it's neckline coincides with it's crucial level of support at 762.15. If you go backtrack a bit 762 level had been acting as crucial resistance & support for this stock since a long time now. So if the neckline is breached one can go short and expect 730 levels in the short term and even 700 levels in the long term.