WELCORP Following a significant downtrend from 950, the price found a floor near 775. A strong bullish candle has just closed above the immediate resistance zone.
Price has surged above both the green 10EMA and 20EMA in a single move. This indicates high buying conviction and a potential end to the corrective phase.
Key support now shifts to 810. Upside targets are open toward 860 and 880, where the previous breakdown originated.
The chart shows a classic "V-shape" recovery attempt. Momentum favors buyers as long as the price sustains above the 816 20EMA mark.
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