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eskopitehmilo
Jun 23, 2023 1:00 AM

A Divergence Pattern! Long

BANK ISLAM MALAYSIA BERHADMYX

Description

The candlestick pattern indicates a divergence signal due to effort from new buyers in the stock with results in the volume. Where the volume is continuously above the MA line.

MACD and RSI indicators are positive signals, hence, confirming the price towards the next peak resistance.

The resistance and support channel is useful as a guideline for entering the price.

Let's save BIMB in WL and watch out for signification price movement with results in volume.

R 2.05, 2.25,
S 1.70
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