Omputeh

CENSOF MAY RESUME UPTREND

Long
Omputeh Updated   
MYX:CENSOF   CENSOF HOLDINGS BERHAD
1. Buyers in Control
2. Tenkansen above Kijunsen
3. Chikou span flat, but after today will be outside and above price range if prices maintain above 0.325
4. Prices will enter the cloud over next few days and if mainted at 0.335, uptrend may follow.
Trade active:
Updated: 6/1

1. Price already into the Kumo, upwards. If strength is sufficient, it will break the kumo for a new high.
2. Span A is above Span B and Span B is flat. If price stays above 0.335, it will have broken free of the Kumo to resume uptrend.
3. Buyers are still in control
Trade active:
Updated 10/1

1. Price out of Kumo, heading up.
2. Chikou will breach price and if price can maintain at 0.35 or higher, bullish trend formation will be stronger.|
3. Buyers still in control
Trade active:
1. Price retreated to sit on top of Span B for two days at 0.33
2. Tenkan is still above Kijun
3. Chikou is out of the price line and waiting to breach the Kumo.
4. Buyers still in control to provide strong support at 0.33

From the looks of it, Censof is taking breather after the short rise from 0.30. With the path ahead free of encumbrances, signs are good for it to move higher to new grounds.
Trade active:
Looks like Censof is back on track to progress higher.
1) Tenkan above Kijun and under price lines
2) Chikou is emerging from bearish cloud to head upwards
3) Volume increasing with buyers in control.
4) Uptrend will resume once breakout happens at 0.365
Comment:
Update 25/1
1. Tenkansen still above Kijunsen
2. Price has however gone below Kijunsen
3. Based on the large volume on 19/1 and 20/1, the market can still be considered buyers in control.
4. Strong support expected at 0.30, but if this is breached, will cut loss
Trade active:
Update 26/1
1. As expected, Censof recovered from yesterday but is still in doubtful territory
2. Kijunsen still below Tenkansen, so there is still buyer support. The price is hovering below the Kijunsen. If it breaks the 0.33 mark, it will move out of the Kumo and retrace back its uptrend
3. Yesterday an announcement was made of the CEO change in Censof Digital. How the stock will move will depend on how investors view this new head, who comes with some pretty solid qualifications
4. Foreward Kumo is bullish with Span A heading up again, which could be forewarning signs of good news to come?
Trade active:
Updated 9/2
1. Censof is above the Kumo
2. Price is just above Kijunsen and on Tenkansen
3. Tenkansen above Kijunsen
4. Bullish interest forming with the above, confirmed by the rising Chikou span. Chikou is under the Kumo but once it breaks free of it and stays above, bullish trend is confirmed.
5. MACD crossing has also just occured today.
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