What I like here, is the bullish price action. You can see the buying pressure ends in the last 2 candles, where it seems to have found support at that 103.74 level. Of course this stock still has a bit of resistance to break through with the 50, 21, & 9 day EMA, I do like the pattern on the daily TF which is forming a double bottom, also another bullish indicator. & Although this will be the 2nd test of that trend line, I like that its at the Bottom of the daily trend line and the postures of oscillators the RSI and seems to have a slight bullish posture which is showing strong upside potential however that stochastic is in a bullish/neutral position. Last time price on this stock fell below the 50 EMA on the daily TF it ran for 8.13%. With likelihood of positive news in the health sector which can serve as a catalyst, its possible to see this one on the moon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.