The chart of PAR Drugs shows a strong accumulation phase followed by consistent base shifts, indicating a steady uptrend with strong support levels forming at higher price ranges.
Key observations:
Strong Base Formation: The stock established a solid support level early on, acting as the foundation for the uptrend.
Base Shifts:
Multiple higher bases were formed, showing sustained buying interest and bullish momentum.
10-Week EMA Support:
The stock repeatedly tested and respected the 10-week EMA, confirming it as a dynamic support level.
Bullish Candle with Volume:
The latest bullish candle is supported by high volume, signaling strong buying interest and potential for further upside.
Huge Volume Activity:
The significant spike in volume during recent moves suggests institutional participation.
Key observations:
Strong Base Formation: The stock established a solid support level early on, acting as the foundation for the uptrend.
Base Shifts:
Multiple higher bases were formed, showing sustained buying interest and bullish momentum.
10-Week EMA Support:
The stock repeatedly tested and respected the 10-week EMA, confirming it as a dynamic support level.
Bullish Candle with Volume:
The latest bullish candle is supported by high volume, signaling strong buying interest and potential for further upside.
Huge Volume Activity:
The significant spike in volume during recent moves suggests institutional participation.
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.