BULLISH MORNING STAR IN WOCKPHARMA

buy 4 lots WOCKPHARMA above 570 TGT 585/610 SL 550

Primary trend of the WOCKPHARMA  is bearish and after formed a bullish morning star and pattern has been confirmed, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the levels of 570 ; Overall trend of the stock is bullish and after experiencing correction from the higher level. if the stock is managing to trade above its RSI of 40, one may expect the targets of 585/610. if wockpharma manages to sustain above the immediate support level of 550. 22 EMA can see as a strong resistance at 596. it is likely to experience fresh buying with the crossing of 22 EMA , where one may keep the targets of 610,620 in the stock with the stop loss of 550.

CAndlesticker VIEW: BULLISH MORNING STAR

On the daily charts, WOCKPHARMA has formed a bullish morning star which is a bullish reversal pattern and pattern has been confirmed today. A downtrend is in progress and the black candlestick confirms the continuation of the downtrend.. However, the tight price action on the second day between the open and the close shows indecision. The third and fourth day is a white body that moves into the first day’s black body. A significant bullish trend has occurred.

DAILY CHART FOR WOCKPHARMA: