Square Pharmaceuticals PLC (DSE) – A Long-Term Uptrend Still Holding Strong 📈
Looking at the weekly chart of Square Pharmaceuticals PLC, one thing stands out clearly — the stock has respected a long-term rising trendline for more than a decade. From around 2013 till now, price action has continuously bounced from this upward support, showing strong institutional confidence and long-term accumulation.
Currently, the price is hovering around 217.80 BDT, sitting right above this major trendline. This zone has historically acted as a strong demand area where buyers step in to defend the trend.
🔍 Key Observations:
✅ Long-term bullish structure still intact
📉 Recent consolidation near trendline = possible accumulation phase
📊 Volume remains stable (no panic selling)
📈 Higher probability of bounce if trendline holds
📌 What This Could Mean:
If the trendline continues to hold, we may see another upward move toward previous resistance zones around 230–250 BDT in the coming weeks/months.
However, a clean breakdown below the trendline on weekly close could signal a deeper correction.
💡 Trading/Investment Insight:
This area looks like a critical decision zone:
Long-term investors may view it as a buying opportunity on confirmation
Short-term traders should wait for a clear bounce or breakout
👉 Trend is your friend — and for Square Pharma, the long-term trend is still bullish.
(Not financial advice. Always manage risk.)