Price recently pushed higher with volume after a long pullback.
Pullback near to MA200 with low volume.
Using the point & figure chart, the target price can be in the region of RM1.40.
For the time being, price is hovering in the supply area after the strong move up last week.
Risk management is key because the nearest support areas are also quite far from...
Using the RSI indicator, the FOCUSP indicates a divergence signal whereas the MACD indicator indicates an early sign of a divergence signal. Both indicators indicate a divergence signal, therefore is a high possibility FOCUSP will be in an uptrend pattern.
OBV indicator also indicates a divergence signal and confirms the price movement with the candlestick...
Fundamental is not strong as KPOWER (Leader) in this sector. This stock is related to KPOWER and ARTRONIQ (Source: isaham). TA shows that this stock is in uptrend. Recent huge pullback is maybe due to panic sell by retailers in relation to political crisis. This stock also follow Friday rule on 15/1/2021. If break uptrendline and resistance at RM 0.99 next week,...
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
MACD showing sign to the upside. From the ascending triangle chart pattern, I'm targeting it will go higher in the mid term to test the resistant price @ 0.495 /0.520.
Support: 0.390
R1:0.496
R2:0.520
For the safe strategy, I'm prefer to buy @ pullback/near support/breakout of current resistant price.
*24 June Technical Idea*
Focus Point (Stock code: 0157)
we see that focus point downtrend was broke yesterday,it look like buy flow is coming, long bias
if share price can break 0.460 and maintain it increase the possibility to challenge next resistance 0.495 even 0.520, waiting the confirmation
if share price cannot sustain at 0.415 it will consider technical...
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*The Trend direction: UPTREND - as Higher-High & Higher Low was observed (Green background region).
*The price has break-up and stand above our lifeline (Redline) on 28-Apr.
*Bottom signal (Green-upward triangle) was sighted on 19-Mar.
*Numerous turning points (Purple-candle) have appeared, a strong indication of the price...
![FOCUSP: FOCUSP [15 December 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/v/vZ2fKDnb_mid.png "FOCUSP [15 December 2020] Buy On Resistant Zone Break Out")
