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CY-76
Mar 5, 2021 8:11 AM

PENTA - Downtrend ? Short

PENTAMASTER CORPORATION BHDMYX

Description

Candle start to test the short term EMA on the weekly candles, may go further down if it breaks key level of support at 5.65 . If resistance at 5.65 broke.
It is retracing from overbought region and weekly MACD about to form a dead cross with driving histogram towards negative territory and hence price is likely to head south.

Further supports at :

Support 5.4
Support 4.9
Support 4.5


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