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eskopitehmilo
May 11, 2022 12:31 AM

Significant Price Movement! 

COMPUTER FORMS (M) BHDMYX

Description

The candlestick body indicate a breakout pattern due to signicant price movement on previous trading where the price croses over the MA50 line. Hence, with probability of begining of uptrend pattern.

The RSI indicates a strong gain momumtum towards indexes 50.

MACD and OBV indicate an early sign of a divergence pattern.

Precaution for a price correction between 10% to 20% from recent price peak before continue with the uptrend momentum.

Let save CFM in WL and watchout for price uptrend movement to next price resistance, the MA20 line.

R 0.770
S 0.635
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