PSO printed a Bullish Divergence with a Falling wedge pattern suggesting a Bullish shift in momentum.
Market entry is suggested with Stop Loss on previous Lower Low. Take profit levels are recommended on 1:2 Risk Reward Ratio.
Happy Trading!
GTYR Printed a Bullish Flag with no signs of Divergence. A bullish trend continuation is expected, entry is suggested on the breakout of pole with stop loss on previous Higher Low.
PSO:PSX printed a rising wedge pattern followed by a bearish divergence suggesting a Bearish Shift. Shorting is recommended as per the levels mentioned in the chart.
as Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is...
PSX has completed an inverse Head and Shoulders pattern but failed to breakout above the neckline. It's possible that this could be due to the imminent earnings report which will be released BMO on Friday. In my opinion investors - traders are waiting for this release before entering a long position. PSX is once again approaching the neckline area and a nice beat...
