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: