Pennant on WOCKPHARMA

11 thg 6

WOCKPHARMA formed a Pennant formation on daily chart. Multiple support and resistance were tested and price broke out of resistance. Price also successfully tested it and bounced back. Volume was above average on the day of breakout. Looking at the way of bullish formation on this stock, I believe it has got good potential. Stop loss can be held just below the swing with target the width of the pendent. Entry can be just above the breakout candle.

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