Wave XA retracement to B (0.350) is in-between fib618-786 levels and the rebound failed to cross fib382 (0.400) thereby retracing to 0.280 (also the 52wl) to double-bottom and forming an AB=CD bullish harmonic pattern. To enter trade, the probable EP would be 0.290 to retest a demand zone and the probable TPs are 0.325 (daily pivot point), 0.365 (fib618, R1...
Disclaimer: This is not a buy call but for learning purpose Technical Analysis Price between MA20 & MA50 Volume OK Potential rebound at MA line RSI around 50
weekly chart is up trending but stochastic not looking very good daily chart stochastic is at oversold region, not yet crossing may be some price rejection will occur first wait for signal from weekly chart
Binacom is in strong bullish mode. Will, it let the bull keep running or push down by the bear? IF the momentum maintains, expected to reach the 0.60 prices. Note: Just a trading idea. NOT a buy call
BINACOM Theme: 5G Infrastructure Rst: 0.47 Spp: 0.43 Marubozu candle, pushed BB substantially wider with increasing volume, this is powerful breakout and the momentum will last another few weeks.
BInacom (0195) - Telecommunications & Media- Ace Market Binacom breakout resistance on horizontal line on 09/02/21 with huge volume, Cautios due to presenting of long upper tail , classified Uptrend counter when price above MA200, Pull back T1 - T2 with low volume, 52 wk price play around 0.195 to 0.565, MACD cross up signal line at strong buy area, Stoch TF30...
Uptrend slow turtle fast turle fift positive HH and LH buy 40% at 0.44 buy DIP 30% at 0.41 to 0.435 buy at support 30% RM 0.375 TP 0.475 , 0.560 SL below 0.34
Binacom is on a bullish mode. Expect the price to break the triangle pattern soon.
Note- 1. Sec.chart shows MACD will breakout positvely leading slow EMA.
Accumulation phase. 1. Spring completed with noticeably diminished volume. 2. Price cross up EMA20 and EMA100. 3. Stoch oversold. 1st Target will be 37% 2nd Target will be determined once the price makes an LPS.
keep my own record... from the chart VS volume correlation, going to break the resistance. not a buy/sell call
MYX:BINACOM SWING: 2 DAYS TO 2 WEEKS Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant