On H4 chart, KANGER has been on sideways for about 2 months. Since 2 weeks ago, its been forming 2 higher lows creating an ascending triangle pattern.
The price will be testing resistance zone 0.205 - 0.215 with support of 0.145. Breaking of resistance zone could bring the price to 0.250 and 0.285 (RRR 1:2.5)
MACD on last hour chart started to show breakout signal, but we won’t know for sure. It could be cancelled out in next trading hour. Stochastic on H4 chart showing a good momentum for upward movement inside the channel.
KANGER is quite a heavy stock with large balance float (48% of 2255M shares) compared to its competitor RGTECH (22% of 525M shares). This could add significant friction to price action.
TAYOR
The price will be testing resistance zone 0.205 - 0.215 with support of 0.145. Breaking of resistance zone could bring the price to 0.250 and 0.285 (RRR 1:2.5)
MACD on last hour chart started to show breakout signal, but we won’t know for sure. It could be cancelled out in next trading hour. Stochastic on H4 chart showing a good momentum for upward movement inside the channel.
KANGER is quite a heavy stock with large balance float (48% of 2255M shares) compared to its competitor RGTECH (22% of 525M shares). This could add significant friction to price action.
TAYOR