Bullishness in the pharma sector

3 feb 2021

Since the parallel channel is respected at many points...it seems like from the low of the channel it just bounced back...either it will get a resistance at the top line of the channel...or it breaks the resistance and go further high( but that seems not so easy.)..and looking at volumes...we can see the volumes are raising in the day candle... showing another conformation of bullishness...and the both ema50 are being respected also...at the day of budget anouncement pharma and it wasn't perfoming well...but when we look at the technicals now...we can see bullishness in pharma...so watch out for pharma stocks..they might give a rally