Technical analysis for SKPRES Stock based on Trend Analysis, Chart Pattern and VPA 1) In Monthly TF - Overall trend still maintaining the long term UTL. Retracement occur from Feb-May 21 candle and rebound at Fibo 0.382 are considered neutral retracement in healthy trend. - Current price candle trend had another retracement from Sept 21 candle and Oct 21 candle...
MYX:SKPRES has broken out and is looking to further rally to an immediate target of RM2.05 then RM2.25 What do you think?
SKPRES have potential to test next R at Trendline
This counter has the tendency to bounce from dynamic support EMA50 to remain bullish. Perfect time for entry. Among the biggest EMS together with VS and ATAIMS. Support at 2.170~2.225, resistances at 2.315, 2.405 and 2.550. Disclaimer: Trade at your own risk.
SKPRES Theme: Tech/ EMS Rst: 2.48 Spp: 2.35 Major breakout from long term RB neckline, which has been tested for few rounds in recent weeks, with the support of broadening BB, breaking above another key level at Fibo Ext 100% in short term is possible
SKPRES Rst: 2.35/ 2.48 Spp: 2.28 Yesterday weak candle being rejected, but still facing strong hurdle at long term RB formation neckline. Can continue to monitor
In H4, the stock is forming rising wedge and already on its edge. Resistance is at 2.06 (52WH), 2.15, 2.35 and 2.45 (Fibo 1.272) where Support is at 1.94, 1.68. If the price fails to test 2.15, it could pullback to 1.44 area as per rising wedge’s opening. Interestingly, indicators are showing positive signal - MACD cross for breakout, and RSI showing momentum....
SKPRES Rst: 2.03 Spp: 1.72 Bullish breakout from Fibo Extension 100% with new candle pushed above upper BB means the next challenge the stock will try is 2.03