DECHRA PHARMACEUTICALS PLC ORD 1P LSE:​DPH

Last post: June 3rd. See chart. Review: Price was approaching the resistance level. Update: Since the last post, price broke above the resistance level but has failed to stay there and has now fallen back below that level. The breakout was a fake breakout. Conclusion: We need price to break the resistance level again and stay above it before looking for...

Last post: Feb 28th. See chart. Review: Price had broken a resistance level with a strong move to the upside. Update: Price continued to trend higher but is now in a period of consolidation. Conclusion: We will be waiting for a breakout of the resistance of the consolidation zone before considering a trade. Any comments or questions, do not hesitate to leave...

Dechra Pharmaceuticals LSE:DPH has been consistently growing since it launched on the UK Stock Market in 2000 where it opened around £1.25 and now currently stands at £25. Although it has consistently risen ever since, the trend does contain deep pullbacks so if you decide to trade this stock then you will have to ride through periods of pullbacks that do last for...