PAKISTAN STATE OIL CO LTD
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Bearish divergence in PSO

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A bearish divergence is observed in PSO in a daily timeframe. The trend has reversed from bullish to bearish by breaking the last HL and forming the first LH. The bearish trend is expected to continue forming new LHs and LLs. If the bearish trend continues forming a new LH. then it will be a good point to take a short position as per the levels indicated on the chart.

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