Healthcare sector and Medical device industry had been positively impacted by the pandemic. A short term bounce can be expected.
Technical Analysis: - A candle pierced the Lower Bollinger band, meanwhile being rejected by 50EMA - The pin bar is resting on the 61.8 Fibbonacchi in conjuncture with the price rejection - Price action have yet to reach overbought zone - Momentum of relative strength is considered strong
The company is not fundamentally strong. Hence, I have set 2 different take profit zones with a RR of 1:1.3 & 1:1.5 Will be expecting a very short term play
Trade closed: target reached
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Target Reach, with solid profits Ho Ho Ho~ Early Christmas Gift!