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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.