SEARL | WEEKLY SCALE | LONG TERM HOLDSearl Pharma
Searl is an excellent choice for a long-term investment (1 to 2 years timeframe).
It has recently broken its downward trend and moved to establish its first high. We anticipate this momentum to persist for a while, and the upside appears promising for long-term holders.
A strict stop-loss should be used below 47 for any long position.
SEARL trade ideas
SEARLE:PSX Bullish Reversal likelySEARLE:PSX is observed to be in downtrend on 1D timeframe. However, a bullish divergence has been observed on RSI in conjunction with a double bottom bullish reversal pattern. Entry has been marked on chart on break above previous LH of 46.70. SL and TP have been suitably marked on chart for long position.