Upon its inception in PSX, SLGL gave an astounding rally from Rs 8.0 to Rs 20.0 in just one month (Aug to Sep 2024).
Since then its has been correcting in a down sloping channel
It has recently Broken out of the Channel with Big Vol.
It has also given a Pullback on low volume.
All phases/events as per Wyckoff Methodology have been marked on the chart for easy comprehension.
CAUTION: Though measured move targets are big, readers are recommended to tighten the stop loss when the price crosses TP1 -18, because there is major Supply Zone right above this level
BUY SLGL 15-16
TP1 18
TP2 20.6
TP3 23.2
SL BELOW 14.2
Since then its has been correcting in a down sloping channel
It has recently Broken out of the Channel with Big Vol.
It has also given a Pullback on low volume.
All phases/events as per Wyckoff Methodology have been marked on the chart for easy comprehension.
CAUTION: Though measured move targets are big, readers are recommended to tighten the stop loss when the price crosses TP1 -18, because there is major Supply Zone right above this level
BUY SLGL 15-16
TP1 18
TP2 20.6
TP3 23.2
SL BELOW 14.2
交易结束：到达止损
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。