Another Breakout in Lupin
Updated
-Pharma sector still going strong.
-Lupin already higher since my last call.
-The stock is currently breaking out of an ascending triangle pattern (in yellow on the chart) and has closed above a key resistance.
-Breakout on more than 2x average volume.
-Indicators still bullish. Weekly MACD crossing over 0.
Not an investment advice. Do your own due diligence.
Disclosure: Long via options.
-Lupin already higher since my last call.
-The stock is currently breaking out of an ascending triangle pattern (in yellow on the chart) and has closed above a key resistance.
-Breakout on more than 2x average volume.
-Indicators still bullish. Weekly MACD crossing over 0.
Not an investment advice. Do your own due diligence.
Disclosure: Long via options.
Trade closed: target reached
Forming a rising wedge so ending position while it's up.
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