- Painting a similar picture to what we saw at the end of December 2017. - RSI bullish divergence (daily chart).
Adcock Ingram is being distributed by large players. After breaking the upward stride there has been a significant increase in volume with selling pressure. Price has backed up to the trading range and the markdown could begin.
In a week market, Adcock Ingram has been showing strength. Will be looking for a test of the highs and see if it will continue with the ascending stride.