*Trend direction: UPTREND - Turn into Green background (Higher-High & Higher Low was observed) *The price has breaks our lifeline RM0.045 (Redlin) resistance and turn it into support on 16-Jun. *Bottom signal (Yellow-Diamond "BT" on 14-May) was sighted on our chart. *White-Diamond appeared on 16-Jun, an indication of strong momentum acceleration. *Turning points (Purple-candle) have appeared on 08-Jul, an indication of the price revert to upward direction. *A Yellow-candle + Alert Bell have repeatedly triggered on the earlier uptrend zone, an indication of potential price rally to take-off.
Prediction: The price has broken up the immediate resistance RM0.05 aiming to the next level. *Any pullback & support from the rally is the opportunity to ride on the rally.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively). Target Price: R1=0.075-0.08, R2=0.10-0.11 Support/Cut Loss: S1=0.055-0.05-18 & S2=0.035-0.03
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation: BUY Signal:- *Green-Background = Indication of an Uptrend *BT-Yellow-Diamond = Indication of Bottom signal. *Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal. *White-Diamond = Indication of a strong upward momentum accelerator. *Purple-Candle = Indication of a strong turning point or a trend reversal. *Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:- *Red-Background = Indication of a Downtrend. *Red-Dot = Indication of Hot-buyer, potentially a Top signal. *Blue-Candle = Indication of Price selling off area.
Trade active
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NICE really nice move...It hit our 1st R0.075 on 21-Jul (2 days after we posted). Today, it hit our R2=0.10 target & profit-taking activities drove the price back to 0.09. Congratulate on those followers' profit from this trade. Our trade remained active as the movement is still intact.
Good luck & Happy Trading!
*Pls share with your friends if you feel that this information is valuable and helps in your trading.
Trade closed: target reached
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NICE, it rallied beyond our expectation, it hit >10x than our target! We closed this trade as we do not prefer chase high (I mean real High). Although we are still seeing it trend remained positive uptrend.
Disclaimer: This is not a Buy or Sell suggestion but solely sharing information. Trade at your own risk.