Elder Pharmaceuticals Ltd
- ELDER PHARMA facing strong trend line support around 187 in daily chart, which indicates if Elder closes below 187 and stays below then can see further selling, Daily chart also indicates stock is trading below 50 days moving average which will favor bears.
- Close watch once stock starts trading below 187 can see come intraday action by bears.
- Weekly chart also indicates that stock facing strong support around 188 recent bottom in 2014 and 2009 bottom around 188. If closes below 188 in weekly chart then bears will have strong grip in elder (as long as it stays below 187 ).
- If stock falls from 187 then will find strong support around 176 as per daily chart.
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