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eskopitehmilo
Sep 28, 2022 12:56 AM

A Divergence Signal! Long

HEXTAR INDUSTRIES BERHADMYX

Description

At the previous price, the candlestick pattern indicates an accumulative phase without continuous buying pressure and significate volume on the previous trade. With the recent trade, the candlestick closed above the MA20 line without being backed by volume where it's below the MA20 line.

The RSI indicators indicate a fresh buying interest backed by a price candlestick that is closed above the MA20 line.

Interesting to see where MACD and OBV indicators indicate a divergence signal. Hence, align with the candlestick uptrend signal towards the next resistance.

Let's save HEXIND in WL and watch out for significant price movement backed by volume towards price resistance.

R 0.425
S 0.380

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