mbaberhanif

OGDC | End of Rising Wedge Pattern?

Long
mbaberhanif Updated   
PSX_DLY:OGDC   OIL & GAS DEVELOPMENT CO LTD
Rising Wedge pattern considered as bearish pattern, which is observed in OGDC technical chart. At present this bearish momentum weakening as the price is facing support zone around 118-119. If the selling pressure resumes and the buyer gets active then a possible pull back is expected towards the resistance level of 132.
Trade active:
What a recovery
Trade closed: target reached
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