the indicator of Stochastic has shown an oversold condition for this counter with less than 10% stochastic level.
volume show a high interest in buying this stock compare to selling volume recently.
Its normal for if stock traded beyond upperline bollinger band it will do correction to create new low. it was happen 3-7 dec where price surge rapidly moving above upperline bb
after 2 weeks of selling down, the stock finally is oversold and today candlestick showing a reversal signal with the appearance of bullish engulfing candlestick.
current price is at weekly middle band bb which is a support level too.
trading plan suggested to entry 0.735
target as shown in chart 0.935,1.00/1.40/1.50
stop loss if break 0.685
volume show a high interest in buying this stock compare to selling volume recently.
Its normal for if stock traded beyond upperline bollinger band it will do correction to create new low. it was happen 3-7 dec where price surge rapidly moving above upperline bb
after 2 weeks of selling down, the stock finally is oversold and today candlestick showing a reversal signal with the appearance of bullish engulfing candlestick.
current price is at weekly middle band bb which is a support level too.
trading plan suggested to entry 0.735
target as shown in chart 0.935,1.00/1.40/1.50
stop loss if break 0.685