pharma sector should recover now.

Aggiornato
cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
Nota
Another version of channel, istantanea
Nota
regular bullish divergence seen in daily. istantanea
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closed at 8902.05
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moving up as expected 9071.70
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till now 9140.
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till now 9270.
Nota
In daily, price closed above upper bb on Thursday, and bb is expanding, sign of bullishness. istantanea
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Here is the weekly followup chart istantanea
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bounced from trendline support, it should now move towards the channel resistance. istantanea
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price moving up smartly, after bouncing from trend line support. till now 9477.75.
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Trade chiuso: obiettivo raggiunto
price finally reached the channel resistance, cheers, istantanea
Nota
cmp - 8966.30, price cam down from the channel resistance took horizontal support at previous low, then started moving up,
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looks like long term reversal is in progress.
Nota
cmp - 8445.70, in weekly, horizontal support turned to resistance , also price unable to break 20 SMA. looks bearish
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bounceChart PatternsDescending ChannelsupportTrend Analysis

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