DPHARMA trade ideas
{SWC}—— Dpharma, Breakout DTLDpharma had broken out short term downtrend line, presented Piercing candlestick pattern and continued closed it share price at MA20 last Friday. More volume needed to push up the price. MA5 and MA10 consolidation
Momentum Chips (red chips) show a positive signal. Do also note that this counter will be affected by vaccine news.
Bias: Long
Resistance: 3.35, 3.50
Support: 3.15, 3 (use MA 10 as support)
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Get ready for weeks ahead!!! BUY CALLThe circle marked the first take off then followed by accumulating phase for ten weeks....
Expected price to double in the few weeks given that malaysia will be securing the vaccine. Dpharma will be the main player.
The same pattern noted in glove counter after first take off.
Vaccine mania!!!!!
Some support and resistance for DPHARMAMy views of support and resistance for DPHARMA. A couple of basic rules apply here. I personally think there's some potential upside movement to this stock.
1. Broken support becomes a resistance and vice versa
2. The more hits that a support or resistance is able to defend, the stronger it gets
3. Volume, volume, volume
Of course, all 3 rules above are based on human psychology and bound to repeat itself. We're creatures of habit after all.
Dpharma, profit taking candleVaccine theme. You are part of the chart. Those who trapped inside dont blame others.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
DPharma - Formation of Cup & Handle PatternThis is DPharma H1 Timeframe Chart, the price is supported by the 50EMA.
It created a "Rounded Bottom" or "Cup & Handle" Pattern
It is a bullish continous pattern, If breakout, It may shoot up to 3.90 level.
Today it creat a Flagpole Pattern in the end of the trading day.