Monthly chart CNXPHARMA Price action: Blue arrows show higher top and bottom Line studies: Price moving out of red downtrending channel Averages: Support at 200 period EMA in June 2018 and Feb 2019 RSI: Bullish divergence + trending upCNXPHARMA Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding period 10 yrs)
By Animesh Vashisht, CFTe
(Disclosure: I hold personal investments in the sector.This is just an opinion not advice.Consult your financial advisor beforemaking investment decisions)