BERU.N DailyThis chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:BERU.N0000
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BERU.N WeeklyThis chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:BERU.N0000
Trend and Structure Analysis:
The price has been in a strong uptrend after a long accumulation phase near the support zone of 0.80–1.50, breaking into a higher range.
Currently, the price is consolidating just below the 3.20 resistance, suggesting a potential breakout if the buying pressure continues.
Support and Resistance Zones: Support Levels:
2.40–2.60: A crucial support zone where the price may consolidate or pull back before attempting another rally.
0.80–1.50: The previous accumulation zone now serves as long-term support.
Resistance Levels:
3.20: This is a major resistance level, aligning with the Fibonacci 0.618 retracement. A breakout above this would signal a continuation of the bullish trend.
3.50–3.60: Minor resistance levels aligning with the next Fibonacci extension.
Moving Averages: 30 MA (Yellow):
The price trades above the 30-week moving average, indicating strong short-term momentum.
50 MA (Purple):
The 50-week moving average slows upwards, providing a solid long-term support base.
Volume Analysis: Volume Surge:
The recent rally was accompanied by significant volume, indicating strong buyer interest. However, declining volume in consolidation phases could hint at weakening momentum unless a breakout is confirmed with renewed volume.
Bull Case Scenario:
A breakout above 3.20, confirmed with strong volume, could lead to:
Short-term targets of 3.50–3.60.
Long-term targets are around 4.00–4.20, based on Fibonacci extensions and prior price history.
Bear Case Scenario:
If the price fails to sustain above 3.20, a pullback to the 2.40–2.60 support zone is possible.
A breakdown below the 30 MA (~2.40) in a bearish scenario could lead to further downside towards 2.00 or even the 1.50 range.
Stage Analysis:
The stock appears to be in Stage 2 (Advancing Stage). The strong breakout from the prior accumulation zone suggests continuing the bullish trend, provided the resistance at 3.20 is overcome.
