4D Pharma Plc stock (LSE:DDDD) has been making effort to rise upward, following a long period of consolidation. The market has consolidated from November 2020 till recently. The price is now moving to the upside, with bulls making attempt to push price further upwards.
The trend was
clearly bullish from July to September 2020; after when price began to decline.
It is now giving investors opportunity to enter the market at cheaper rates.
Price is already
above the EMA 21, and the William’s % Range period 20 is already sloping
towards the overbought territory. The formations of the EMA and the RSI confirm
the bullishness in the market. Price should go further upwards.
The outlook on DDDD
is bright and the supply zones at 125.00, 150.00 and 175.00 could be reached in
the year 2021.
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