Monitor for a possible retracement ended here to breakout. As long there is an energy trend on going, it will be a good move for aggressive trader.
Short term analysis: Price comes to previous high range of 7.00 dated 08-Dec-2020 1) Price has divergence with Bull Bear Detector (BBD) : higher price but lower BBD candle 2) Price has divergence with Smart Money Flow (MI02b) indicator : higher price but RED bar in MI02b (profit chip) getting lesser, this may indicates traders are selling off for profit! Mid...
Technical analysis for HENGYUAN Stock based on Trend Analysis, Chart Pattern and VPA
HENGYUAN Theme: Energy Rst: 5.43 Spp: 5.16 Slightly adjustment to the lower band of pennant formation, apparently the latest 6 candles remain sustain at this area, no breakdown happens yet. Overall neutral.
MYX:HENGYUAN Slow Turtle Buy FiFT +ve Atom Buy starting move above river MCDX+ Banker Turn Strong Banker 25% +
Today, I want to talk about MYX:4324 According to the chart, we can see that there's small accumulation phrase after the big downtrend (with build up) signifies that the big boys are accumulation the shares. After the accumulation phrase, it broke out bullish and form a descending triangle and broke back down to the support of the accumulation phrase. This...
Laburlah Technical Coverage (23-MAY, Wednesday): HENGYUAN Technical Analysis Breakdown 1. Trend: Bearish 2. RSI & Stochastic: Bearish 3. MACD: Bearish 4. Resistance level: 9.395 5. Support level: 5.905 Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
Laburlah Technical Coverage (18-APR, Wednesday): HENGYUAN Technical Analysis Breakdown 1. Trend: Weakening reversal 2. RSI: Retracing 3. Stochastic: Bearish crossover 4. Resistance: 9.87 5. Selling pressure: Growing Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before...