MARKSANS PHARMA LTD Trend Analysis
An undervalued debt free small cap pharma with strong fundamentals available at a PE below 8.
A potential Cup with Handle pattern is forming.
Expecting price to reach green support zone highlighted, Golden FIB and Pitchfork edge is adding more confluence to that level.
Good to accumulate around 35-40 levels for the following targets:
Short term swing target @ 67 (78.5% ROI with 3.93 R:R)
Medium term positional target @ 105 (180% ROI with 9 R:R)
Long term positional target @ 180 (380% ROI with 19 R:R)
Stop loss @ 30
As always, do your own due diligence before taking any action.
Peace!!
A potential Cup with Handle pattern is forming.
Expecting price to reach green support zone highlighted, Golden FIB and Pitchfork edge is adding more confluence to that level.
Good to accumulate around 35-40 levels for the following targets:
Short term swing target @ 67 (78.5% ROI with 3.93 R:R)
Medium term positional target @ 105 (180% ROI with 9 R:R)
Long term positional target @ 180 (380% ROI with 19 R:R)
Stop loss @ 30
As always, do your own due diligence before taking any action.
Peace!!
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