Moody's 15-minute chart triggers MACD Golden Cross, Bollinger Bands expand upward.

According to Moody's 15-minute chart, a significant technical indicator, the MACD Golden Cross, has been triggered, accompanied by expanding Bollinger Bands upward. This phenomenon, observed on July 17, 2025, at 14:15, suggests that the stock price has a strong potential for continued growth. The market trend is currently being driven by a predominantly bullish sentiment.

Glenmark Pharma's Stock Surges Amid Positive Indicators

Glenmark Pharma shares have experienced a significant surge in the last five trading sessions, with gains of nearly 20% [1]. The rally was sparked by an exclusive licensing deal with AbbVie for a cancer drug and a recent regulatory development. Despite receiving a warning letter from the US FDA for its Indore manufacturing facility, the company has stated that the letter is not expected to impact supplies or revenues [1].

The stock has seen record-breaking volumes, trading 1.6% higher at ₹2,210, with a daily average volume of 1.89 million shares [1]. SEBI-registered analyst Vijay Kumar Gupta noted that all indicators on the Ichimoku chart point to a positive trend, with the price breaking above the Kumo cloud and bullish crossovers confirmed by the Tenkan-sen and Kijun-sen lines [1]. The commodity channel index (CCI) and on-balance volume (OBV) also indicate strong bullish momentum [1].

Ethereum's Bullish Sentiment Amplified by SharpLink Gaming

In another significant development, Ethereum (ETH) has seen strong bullish sentiment, with SharpLink Gaming accumulating over 111,000 ETH worth approximately $343 million in just eight days [2]. This large-scale buying pressure from a single entity suggests strong confidence in ETH's future value. The entity purchased an additional 20,279 ETH valued at approximately $68.38 million within the last five hours, bringing their total accumulation to 111,609 ETH [2].

The sustained buying spree by SharpLink Gaming indicates a strategic dollar-cost averaging approach, suggesting potential support levels around the recent average purchase price of about $3,076 per ETH [2]. Traders should watch for volatility spikes in trading pairs like ETH/USDT and ETH/BTC, with potential entry points near the $3,000 support level and profit-taking zones at $3,600 [2].

Technical Indicators Point to Continued Growth

According to Moody's 15-minute chart, a significant technical indicator, the MACD Golden Cross, has been triggered, accompanied by expanding Bollinger Bands upward [3]. This phenomenon, observed on July 17, 2025, at 14:15, suggests that the stock price has a strong potential for continued growth. The market trend is currently being driven by a predominantly bullish sentiment.

References

[1] https://stocktwits.com/news-articles/markets/equity/glenmark-pharma-surges-on-strong-volumes-technical-indicators-says-sebi-ra-vijay-gupta/ch8BsmTR5Vh

[2] https://blockchain.news/flashnews/sharplink-gaming-accumulates-over-111-000-eth-343m-in-8-days-signaling-strong-bullish-sentiment

[3] According to Moody's 15-minute chart, a significant technical indicator, the MACD Golden Cross, has been triggered, accompanied by expanding Bollinger Bands upward.