PHARMALA BIOTECH HOLDINGS INC(#MDMA))Hi Dude
from now on i am going to scrutinize Canada Stock market Shares
for This post I Analyze MDMA Share
as Depicted in picture i suggest:
Entry:0.295
SL:0.245
TP= 1:7 but dont hurry and wait for breaking orange trendline
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Csedaily
LIOCMarket is being going through a roller coaster due to this guy!
its currently being absorbing heavy liquidity below 165, tomorrows close is vital.
pros.
small timeframes flipping bullish 1hr and below
making a small falling wedge
possible double bottom pattern
most negatives are being priced in
cons.
trading below 200DMA
previous support at 170 (descending triangle) will act like hard resistance
if you are longing make sure to DCA and buy in portions
EXPO another index dragger right here.!
counter was beaten down so hard and RSI has come to 21 (oversold ++) levels, while making Bullish divergence below 4hrs time frame. However clean close above 132 tomorrow is a must for counter to go back in the broken trendline to consider it being a Fakeout. Good collection and volumes were noted today at 130 levels.
4hrly chart also shows a falling wedge being made.!
LIOC - oily mess?
LIOC failed to break 0.382 fib level last time... and got rejected at 206.75. Prices have declined ever since.
Next crucial support should be 183. Entering here with a strict stoploss can be done ideally. (1%-2%).
RSI may need to find support from its trendline as well.
**Remember sometimes the negatives are already priced in**