UsmanFarouk

Downtrend of CNERGY:PSXis expected to be over

Long
PSX_DLY:CNERGY   CNERGYICO PK LIMITED
CNERGY:PSX is presently in downtrend in 1D timeframe. However a bullish divergence on RSI indicates an end of existing trend and a likely bullish reversal. Long entry through buy stop has been marked above previous swing high. SL has been suitably placed below last LH. TP has been set @ 1:1 RRR.
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