Morepen Laboratories Limited

Morepen Lab - Bullish Flag and Fibonacci Retracement

597
Morepen Lab has formed a bullish flag pattern, and today it has successfully broken out.

The price has retested the Fibonacci level at 38, where it formed a bullish piercing pattern, signaling potential upside momentum.

Price take support of 50 period EMA.

Additionally, this level coincides with a significant demand zone on the chart, suggesting strong buying interest. Keep an eye on this stock for further upward movement

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