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Technical outlook: ROG.vx bearish scenario:

Technical outlook: ROG.vx bearish scenario:

ROCHE GS SIX:ROG

๐Ÿ˜Ž๐Ÿ˜‰We have technical figure Descending Triangle in Swiss company F. Hoffmann-La Roche AG ( ROG .vx) at daily chart . F. Hoffmann-La Roche AG is a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. Its holding company, Roche Holding AG, has bearer shares listed on the SIX Swiss Exchange. The company headquarters are located in Basel. Roche is the largest pharmaceutical company in the world and the leading provider of cancer treatments globally. The Descending Triangle has broken through the support line at 16/10/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 15 days towards 298.65 CHF.



๐Ÿ‘๐Ÿ’šFundamentals:
- The U.S. Food and Drug Administration on Friday approved an oral treatment from Roche Holding AG and PTC Therapeutics Inc for spinal muscular atrophy in adults and children two months and above. The drug, risdiplam, to be sold as Evrysdi will compete with Biogen’s Spinraza and Novartis’ gene therapy, Zolgensma.



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