The best buy que for today is in ranged between 0.115-0.12 where the price is predicted to retrace between that level before it continues to rebound for wave E.
Comment:
Looks like the price retrace only at 0.12 the lowest yesterday not 0.115, and today the price rebound from 0.125 where equal to ma200 and it must break resistance at 0.145 to continue it's uptrend. It seems like the volume increase little by little.
Comment:
Just saw an announcement from company where EVERSENDAI is collaborates with Abu Dhabi National Oil Company(ADNOC) for steel structure fabrication which are believe is a good catalyst at this moment.
Comment:
Today in the early morning the price has Breakout the line of flag pattern with opening price at 0.14. If today price closing above 0.145 this evening it means it has a strong momentum for the price to go higher.
Comment:
The price are still hovering around 0.125 - 0.13 where the support level is at 0.125 which are a strong support at ma200. The closing price on 30th Jun is 0.13 and its 7% from the resistance value at 0.14. I believe the resistance can break easily if it has a volume to create strong momentum.
Comment:
This morning the price have touch the resistance value at 0.14 and MACD signal has crossing the signal where it shows a small momentum. If in the evening the price break and close at 0.145 it will create a momentum and it might appear on any screener.
Comment:
At 2.30pm today que buy at 0.135 have become strong support. It's a good sign where it attracting the traders. believe it's already appear on a screener.
Comment:
Looks like big volume has come and it has break resistance at 0.145. Strong resistance is at 0.15 where if it can through this price a it will create a strong momentum, at this point strong support is at 0.14 due to increase of buy que at 0.14
Comment:
The price retreat due to OPR announcement tomorrow.
Comment:
Traders will put in cautious today waiting for the OPR announcement, if the price can maintain around 0.14 - 0.145 where the support level in 1HR TF is at 0.14. The chance to go up this evening will be higher if the announcement is positive. In this early morning main Index have retreat showing that investor and trader in cautious mode.
Comment:
Today at 3.00pm BNM has announce that they will maintain OPR rate. On the technical side ma20 have crossover ma200 where it's a sign of bullish. Looks like que buy at 0.14 has increase showing that buying momentum are still intact.
Comment:
Last minutes trading seen there's a buying vol at 0.145 showing that the buying interest are still intact. Since my first comment on 21st Jun the price has moving far from ma200 showing that uptrend is still strong.
Comment:
At 4.20pm there is a purchase at 0.14 where the price is at the first support level. Technically ma20 crosses the ma200 where it shows the starting point of a strong uptrend. My predictions the volume will increase little by little for a long position.
Comment:
Believe that retracement have complete after a few days of pullback until the lowest at 0.13 where the price fall at the bottom trendline.. My prediction, there will be a rebound by this week considering the resistance are very close to support level. Will monitor this stock for a few days.
Comment:
Just saw a good news from the construction sector where interest buying in this sector is increase, while the construction index are still uptrend. It is really convincing that this stock will going up soonest. Put my status in monitoring mood to see the increase of volume.
Comment:
As expected it will rebound with gap up showing that a good momentum, plus it has appear in the construction index as a leading movers. This may attract traders/investors to look at this stock. On the technical side the price are still above ma200 , ma20 while MACD and stochastic are just crossing the line.
