HKEX:2196 Fosun pharma ready to rebound
HKEX:2196 Fosun Pharma has been in a steady uptrend since last March, it has pulled back in recent weeks in a tight bear channel to sneak below its 50 day EMA. However it has broken through this bearish pattern. Overall it has remained within its longer term uptrend channel.
I am guessing it will bounce up to just above a $40 tp. Patience required though - may take 30 days give or take, given the Chinese New Year period.
I am guessing it will bounce up to just above a $40 tp. Patience required though - may take 30 days give or take, given the Chinese New Year period.
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