Price getting lower. Possible for positive divergence take over and lead to new uptrend soon?🤔
We will know soon.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or...
It yet reach bottom at this moment.
Don't try to catch the falling knife 🔪 by become daredevil to buy on RED.
Low can become lower.
Price action telling us the next move.
Especially the price fall below "sea level" (EMA line), which means it is not in favour of buyer.
Price already Red, sea water (blue cloud EMA line) unable to stop it. So, just let it red...
Based on weekly chart, Coraza shows a rebound from the trendline which forming higher low. Then, todays (2/6/2023) pattern is quite the same as 21 November 2022 pattern and there maybe a possibility for the stock to move higher.
CORAZA break out Pennant Pattern with more than average volume (at the time this idea is posted)
Short term potential target price @ 0.980 (X1:X1)
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only. Trade at your own risk.
