This Israeli Pharma Is Promising. Breakout Above Blue Line Next?

Guys at #Kitov Pharma sure seem to be doing something right, but are they perhaps failing to appreciate some hidden obstacles in their path?

My custom support/resistance indicator lines on this chart show decent places to enter or exit.

The Blue indicator line serves as a Bullish trend setter.

If your instrument closes above the Blue line, then we think about buying (going Long).

If your instrument closes below the Red line, then we think about selling (Shorting).

For the more mature stocks, I prefer to use the Yellow line as my Bearish trend setter.

For the smaller caps volatile stocks, I prefer to use the Red line as my Bearish Trend setter.

-Alex