CPHL - PSX - Technical AnalysisCiti Pharma is in bull run for almost past 9 months. On Monthly TF, Cup has been formed but Handle is yet to be made. See picture pasted on the chart. For that price must retrace a bit to Fib 0.23 to 0.38. In that case Entry will be at retrace and TP will be equal to depth of the cup.
On the other hand if price does not retrace then entry should be sufficiently above the Daily Resistance level so that it then becomes its support level.
RSI and KVO both are supporting the bull run continuation.
Trade Values
BUY-1: 53
BUY-2: 42
TP: 81
SL : 38 (HL)
