SEARLE has been in downtrend since Dec 25, it has recently take support from a strong Breaker Block and also crossed over a bearish Breaker Block which is a sign of strength.
The downward Bear Channel is actually a Bull Flag as per Price Action Principles of Al Brooks the Father of Price Action.
Price went below this channel in shape of Selling Climax to dry out all Supply at those lower levels, this process has shifted the possession of Searle from Weak Hands to Strong Hands (Big Institutions). thus creating a Supply Vacuum.
Price has only logical direction to go and that's upwards.
BUY SEARLE 78-84
TP1 95
TP2 105
TP3 120
SL 70
The downward Bear Channel is actually a Bull Flag as per Price Action Principles of Al Brooks the Father of Price Action.
Price went below this channel in shape of Selling Climax to dry out all Supply at those lower levels, this process has shifted the possession of Searle from Weak Hands to Strong Hands (Big Institutions). thus creating a Supply Vacuum.
Price has only logical direction to go and that's upwards.
BUY SEARLE 78-84
TP1 95
TP2 105
TP3 120
SL 70
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.