Wednesday, January 20, 2016

BXPHARMA

Published
January 21, 2016
BXPHARMA: Signs of a Top!

Technical Position and Developments:

Potential minor Double top pattern , 
short term trend line break , 
21 Days EMA near to be taken , 
Bearish divergence on RSI.

What To Expect:

87 level is a major support over the medium to long term, so it is a good idea to book some profits, although i remain bearish on the stocks market . A break below 87 will probably confirm a move to my full target around 81


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