Bull flag forming. Next impulse as continuation.
Indivior is listed in the FTSE 250, FTSE All-Share, FTSE 350, FTSE 350 Low Yield indices.
Indivior is part of the Medicine and Biotech sector.
Indivior Plc Ord Usd0.10 is listed on the London Stock Exchange, trading with ticker code INDV.
It has a market capitalisation of £1,429m, with approximately 728m...
I am currently short on $INDV and have opened a short position last week as price broke DC20 to the downside and is below daily MA200. I am expecting to revisit previous low and/or the trend to continue.
RSI is almost below 40, PVO is increasing. SL is TBD and is moving as DC20 drives it - daily candle to close above DC20.
Thank you for your likes and comments...
The base formation around 310 levels followed by last week's jump to 335 coupled with the rising bottom formation and an upward sloping 50-MA suggests the stock is likely to re-test 380 levels.
On the downside, only a weekly close below 310 would signal bullish invalidation
