DAILY 25/3/2021 :
Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price > Ema20 > Ema50 > Ema200
Breakout Volume : 7.7x times
Trading Breakout Value : Rm35 juta
Weekly 22/3/2021 :
Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price > Ema20 > Ema50 > Ema200
Breakout Volume : 3x times
Trading Breakout Value : Rm43 juta
HBGLOB has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.23 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price > Ema20 > Ema50 > Ema200
Breakout Volume : 7.7x times
Trading Breakout Value : Rm35 juta
Weekly 22/3/2021 :
Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price > Ema20 > Ema50 > Ema200
Breakout Volume : 3x times
Trading Breakout Value : Rm43 juta
HBGLOB has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.23 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
Comment:
HBGLOB has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 0.245.