The candlestick price indicates an uptrend pattern due to continuous price movement towards the MA20 line with volume.
The RSI is above 50 indexes hence indicating a high buying momentum.
MACD and OBV indicate an early sign of a divergence signal where the signal is matched the price candlestick an uptrend pattern towards the next price resistance.
Let's save...
Retracement condition :
1) DeviationDivergence+ indicator - red candle triggered today, overall fund is outflow
2) FundFlow+ indicator - Break-down 5-day moving average
Support & Resistance:
S : 0.290 (-3.33%)
R : 0.310 (+3.33%)
Disclaimer:
Opinion above posted for case study purpose. Trade at your own risk. Trade only after you have acknowledged and...
Currently SMTRACK is bulding a momentum to go to the higher price. Previously it is already at the support level price 0.135.
Expected take profit is 0.265.
Some note!
- acquired 23.44 million shares, or a 10.2% stake in the company through a private placement on Aug 14, has ceased to be a substantial shareholder after disposing of 12.52 million shares during the week in review.
- following will be descending in next swing.
SMTRACK and DWL are my two top picks among all the ideas of potential counters today since the PSAR had just turned positive. Moreover the bankers chips had started to be significant for SMTRACK while for DWL the FIFT indicators indicate potential good buy
1) Again, this stock shows same pattern
2) Very dangerous and uncertain.
3) Long tail and today close price is 0.19..above support line at 0.175
4) Is the same pattern will be formed same as previous?
5) Its time to enter..low risk compared at top
6) But this time, selling volume is the highest compared to its history
7) Strict cut loss if below 0.175
Strength in the chart:
1. Green Pentagon
2. High volume at resistance
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
![SMTRACK: SMTRACK [29 September 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/o/ORgTdmnt_mid.png "SMTRACK [29 September 2020] Buy On Resistant Zone Break Out")
