Price is moving within an ascending parallel channel on weekly TF. Bottom Support line was retested recently. Formation of HL is in progress. (Aggressive) entry can be taken now or (conservative) entry can be taken after formation of green candle Ride the trend until channel top. Manage your risk accordingly.
Mouwasat has taken a correction Positive Divergence on hourly is observed. Aiming for C&H completion Targets Entry @CMP (242 - 243) SL (241.5) 0.6% TP1 (247.6) 1.7% TP2 (253) 4%
Classical Cup & Handle Formation Series of HH, HL SL and TPs are specified Ride the trend with trailing stop loss Manage Risk properly
Support from Descending Channel Bottom for a short upside move until Channel Top Levels are mentioned in the chart Trade with Stop Loss
Technical Analysis for MOUWASAT MEDICAL SERVICES CO - 4002
Price is respecting a strong uptrend. Price broke a resistance and turns it into a Support. Great Volume of Buyers is present in the Market. 4002 is to Kept in the Wallet.