Pharming Group possible break of major resistance at 1.61

Pharming group holdings has been hold back twice in history at around 1.6, i have been watching the MAC D and Stochastic indicator on the daily, they both show interesting signals such as on the macd: Descending red with ascending green, this would at least tell me a new attempt of breaking 1.61 is within a week.

Stochastic on the daily is getting a positive slope on the daily and as shown i drawed a current support/ resistance line wich it will possibly bounce off of.

Keeping this in mind i think Pharming group seems like a good invest for the coming year, if ofcourse we can get above 1.61

GOODLUCK!

Trade active:

Stochastic turned up, test of resistance soon :)

Comment:

currently breaking resitance, close above 1.61 on a daily candle and i will have targets between 1.7 and 1.74 short term

Comment:

wanted to see 2 daily closes above and especially a weekly, looks more bearish than bullish to me now! but dont bother my analysis if you are in for the long term!