Natco Pharma - Channel Bottom
A stock thats going thru a large transformation and has faced a lot of headwinds over the last 1 year.
The worst for the stock could now be over.
Long at current price or as close to 650 as possible. 640 is the channel bottom and can be treated as a stoploss for this trade.
Beyond being at the channel bottom the stock also has a positive RSI divergence and could see a nice bounce from here.
So to sum it up..Long in parts between current price and 650 with a stoploss below 640/635.
The worst for the stock could now be over.
Long at current price or as close to 650 as possible. 640 is the channel bottom and can be treated as a stoploss for this trade.
Beyond being at the channel bottom the stock also has a positive RSI divergence and could see a nice bounce from here.
So to sum it up..Long in parts between current price and 650 with a stoploss below 640/635.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。