Wednesday, December 27, 2023

WOCKPHARMA Bang On- 2 Best Indicators You Cannot Miss!

It is possible to capture massive moves in stocks using price patterns along with simple indicators like the ADX (Average Directional Index).

We used these 2 indicators on WOCKPHARMA and were able to capture a 56% move in a short span. You can also use these to identify stocks with momentum for short-term trades.

We published WOCKPHARMA analysis in "The Financial Waves Short Term Update" on 15th November 2023 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

WOCKPHARMA Weekly Chart Anticipated 15th November 2023 

WOCKPHARMA Daily Chart Anticipated 15th November 2023 

  Wave Analysis as on 19th December 2023

WOCKPHARMA has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 10.92%. On the weekly chart, in the previous session prices formed a bullish candle.

Stock has formed a classical reversal pattern inverted head and shoulders which indicate a bearish-to-bullish trend reversal and also suggest accumulation pattern. Now weekly close above 270 level will confirm breach of neckline of the pattern and suggests that move towards 315-320 zone has started where conservative target as per right shoulders is placed.

As shown on the hourly chart, we have applied parabolic SAR which used to determine the price direction as well as draw attention to when the price direction is changing. A series of dots placed below the price which is deemed to be a bullish signal. Closest support is placed at 270.In short, trend for this stock is positive. Use dips towards 280-282 as a buying opportunity for a move towards 315-320 levels as long as 270 holds on the downside.

WOCKPHARMA Weekly Chart Happened as on 27th December 2023 

Happened: After we published the report, the stock made a dip exactly towards 280 levels which we mentioned earlier. Within the short span of time, the stock has given more than 56% return in such volatile market and moved way beyond our target which was of 320 levels. Stock made high of 428.85.

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