eskopitehmilo

A Rebound Pattern!

Long
MYX:ANNUM   ANNUM BERHAD
The candlestick indicates a rebound pattern where the closed above the MA20 line. Where next price resistance will be the MA50 line. If the price breaks out and crosses over then closed above the MA50 line. Then, a high possibility the price will trace back to Point of Control (POC) indicates in the red line where the price level with most trades took place. The range of prices around the POC contains 70% of the total volumes for the period of 3 months.

MACD and OBV indicators indicate a divergence signal with the price moving in towards the next price resistance; both indicators and price are moving in the same direction.

Let's save ANNUM in WL and watch out for significant price movement toward the MA50 line as a price resistance.

R 0.430
S 0.355
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