HUBC - BEARISH REVERSAL WITHIN A BULL FLAG


HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.

Consider selling with a STOPBUY set above 119.

Targets: 112.70, 111.30, 108.00, and 104.
Chart PatternsHUBCTechnical Indicatorskse100pakistanPSXTrend Analysis

Also on:

Disclaimer