RozaniGhani-RG

Descending Triangle Bearish towards Support ETA 14 Sep 2020

MYX:SAPRES   SAPURA RESOURCES BHD
Technically, it is not looking good for SAPRES as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line.
This is further compounded by the recent bearish breakout of the support level of 0.385.
This breakout was accompanied by a higher than average traded volume which shows the bearishness of the traders to push the price lower and past this support hence pointing to higher probability of a bearish breakout.

Resistance 1 : 0.430 (12.98%)
Resistance 2 : 0.440
Support 1 : 0.370
Support 2 : 0.350

Descending Triangle prediction at 7 Aug 2020.
Possible bearish price movement towards the support 0.370 within the next 38 days (24 bars : ETA 14 Sep 2020).

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out