WOCKPHARMA: W pattern breakout may drive the price higher!

16 sie

• The 1700-1800 range has acted as a formidable barrier for this stock, with the price faced rejection at these levels on two separate occasions.
  
• After experiencing a significant downturn, the price eventually found support around the 135 level, led the price to a period of consolidation.
  
• During this time, the stock developed a Double Bottom pattern.
  
• Following a substantial gap, it successfully broke out of the Double Bottom pattern with strong trading volume and is now positioned just above that breakout level.
  
• At present, the stock is trading at nearly half its all-time high, making it an appealing option right now.