SMS Pharma - Negative trend reversal
SMS Pharmaceuticals underwent long downtrend from 198.8 on 05/08 to 116 on 20/12. This trend seems to have gotten over with Higher High and Higher Low pattern since 20/12.
Pattern:
1. Higher High Lower Low on Daily basis from 20/12
2. Cup and Handle Pattern beginning from from 04/11/21
Technicals:
1. Positive RSI Divergence
2. RSI Cross over on daily basis
3. High Volume after creating higher high, along with a 2nd green candle
SL: 120
Pattern:
1. Higher High Lower Low on Daily basis from 20/12
2. Cup and Handle Pattern beginning from from 04/11/21
Technicals:
1. Positive RSI Divergence
2. RSI Cross over on daily basis
3. High Volume after creating higher high, along with a 2nd green candle
SL: 120
Penafian
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