- Tech Charts - https://blog.techcharts.net -

BASILEA PHARMACEUTICA AG

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Basilea Pharmaceutica AG listed on the Swiss Stock Exchange.

BASILEA PHARMACEUTICA AG (BSLN.S)

Basilea Pharmaceutica AG is a Switzerland-based company engaged in the research, development and commercialization of pharmaceutical products. The Company focuses on pharmaceutical products in the therapeutic areas of bacterial infections, fungal infections and oncology. The stock is listed on the Switzerland Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 52.80 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 53.85 levels will confirm the breakout from the 3 month-long rectangle with the possible chart pattern price target of 58.50 levels. (Data as of 14/07/2020 CET 10:45)


Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now [1]

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

For your convenience your membership auto renews each year.

Get Access Now [1]