Strategy: Price Volume Analysis
Bias: Bullish. Symmetrical triangle retracement with low volume was observed in pass two months. 2 days ago, triangle breakout with huge volume, together with bollinger band break out.
After the bad market sentiment on the last trading day(8.1.2020), Kpower today back to game with significant volume, currently trade above bollinger upperband, signify good momentum. If the momentum continues, its likely to see 1.70 1.78 in near term. Close above 1.58 will consider a good sign.
Support:1.58
Resistance: 1.70, 1.78
Potential 12.6% gain from support.
Like and comment if you find this idea is helpful :)
Bias: Bullish. Symmetrical triangle retracement with low volume was observed in pass two months. 2 days ago, triangle breakout with huge volume, together with bollinger band break out.
After the bad market sentiment on the last trading day(8.1.2020), Kpower today back to game with significant volume, currently trade above bollinger upperband, signify good momentum. If the momentum continues, its likely to see 1.70 1.78 in near term. Close above 1.58 will consider a good sign.
Support:1.58
Resistance: 1.70, 1.78
Potential 12.6% gain from support.
Like and comment if you find this idea is helpful :)
Trade closed: target reached:
KPOWER, reached TP RM1.70 in 3 days.
Congrats members who followed!
Share to your friend SWC analysis! :)
Congrats members who followed!
Share to your friend SWC analysis! :)
Trade closed: target reached:
KPOWER, reached TP RM1.77, as drawn.
Congrats members who followed!
Share to your friend SWC analysis! :)
Congrats members who followed!
Share to your friend SWC analysis! :)