Buy signal triggered based on MRV1 setup at RM0.225;
20% target at RM0.275; stop loss at RM0.200;
2-3 months due to the signal based on the daily timeframe.
**Only for discussion purposes. Not a buy / sell call**
Finally broke through the former heavy resistance of 770~800 and managed to close at 810. Need to close above 845 to complete the rounding bottom pattern perfectly for possible further breakout.
Support at 770, resistances at 845, 890.
Disclaimer: Trade at your own risk.
Esceram need to break the 770~800 region to be able to fly. Current support is at 720.
RSI is healthy and I believe this counter will fly soon as sharks are accumulating (bankers at near 80%).
Disclaimer: Trade at your own risk.
Bounced off from the red EMA20 line after another sell down due to sudden bad market sentiment. This is the 5th occurrences after the uptrend officially started on 21st Jan. Banker chips at 60%.
770 will be strong support here and 840 resistance which is hard to break.
Disclaimer: Trade at your own risk.
Esceram’s suddenly plunged to the low of 740 which is near to its EMA20 support line when the market was spooked by external factors for a short while. Weak holders were shaken out and price’s steadily inching towards 800 mark. Closed at 790 with strong buying interest.
Immediate support and resistance are 720 and 845.
Disclaimer: Trade at your own risk.
Esceram will be trying to test 940 resistance with the latest news of Insider's accumulation. Recently BO with a nice rounding bottom and Cup & Handle pattern. Double Bottom pattern is forming nicely here.
Disclaimer: Trade at your own risk.
Daily chart: EMA golden crossed, uptrend movement initiated. However, there is a trend line resistance to break. If it could break out and stand above it, the uptrend will be confirmed.
Weekly chart: it moved back in the uptrend channel, the question is could it stay in it?
ESCERAM
Rst: 1.40/ 1.54
Spp: 1.25
Bullish breakout from Fibo Extension 100%, and with the support of stronger buying pressure and rising indicators, further upside likely.
Demonstration & Ilustration For Analysis Tools by MFA.
Trading Style: Swing
Estimated Holding Period: 0-2 month
Checklist For Bullish Setup:~
1. Candlestick: The price has closed with a strong Bullish Candle. Yes/No?
2. MFA S&R Line: The price is still at Support Zone area. Yes/No?
3. MFA Trend Line: The price has started to break downtrend line. Yes/No?
4....
