Does History Repeat Itself? In stock market, it happens. Dataprp currently is sitting on the strong support 0.155. Daily volume shows signs of accumulation activities while stoch RSI is hovering at the oversold region. Breakout with volume will make this counter very interesting.
DATAPRP is showing good potential in technical analysis. Based on my Fibonacci, its already entered the reversal zone on the monthly chart and now it is heading to the short-term reversal zone. Normally, the price will form a price action reversal pattern before its rallies. Let's wait and see the result soon.
The candlestick body closed above the MA20 line due to significant price movement with high volume. Hence indicates a price breakout signal.
The RSI indicator showed gain momentum towards indexes 50.
MACD and OBV indicators indicate a positive price uptrend momentum towards the next price resistance.
Precaution for a price correction between 10% - 20% from the...
DATAPRP by breaking RM0.70 major demand zone. DATAPRP stock price might taking longer time to complete bigger size of triangle pattern in wave (4) (cyan/light blue). Price now "seating" @ the major up trend line ( cyan/light blue dotted) if monthly price bar closed below the up trend line price may moving down toward next demand zone @ around RM0.180
Possibility to form morning star, or forming same pattern as first circle or worst continue downtrend.
Entry 0.460, TP1 0.490, TP2 0.530 and cutloss 0.430. If break downtrend line, possiblity of uptrend movement. Trade at you own risk. Comment if you have different idea. Thank you for your time.
Indicators MACD and OBV indicate a divergence signal towards an uptrend pattern. Where the candlestick price indicates a rebound from the support line with increasing volume above the MA20 line is typically viewed as a strong and healthy volume.
RSI indicates a momentum that just crosses up 30 where the possibility of increasing momentum towards 50 lines.
To...
The candlestick body closed above MA20 due to significant price movement with volume confirming the price movement.
MACD and OBV charts indicate a divergence signal with a high probability of a long trend position.
The weekly chart timeframe also is in a positive uptrend. Same with MACD and OBV charts, indicate an early sign of a divergence signal.
Let put...
The price rebound from the MA20 line without significant volume take up. MACD chart confirms the uptrend pattern and the OBV chart indicates an earlier stage of a divergence signal. Overall, DATAPRP is good for medium to long-term trade positions since it is still in the early stage of the uptrend. Put DATAPRP in WL and watch out for significant price movement...
The candlestick indicates a possibility of a divergence signal to become an uptrend pattern. Fibonacci Retracement also confirmed the divergence signal. OBV chart indicates a positive uptrend. MACD chart is still in the weakness signal probability of a divergence. The weekly timeframe is still negative and not suitable for a long trade position. Put DATAPRP in...
DATAPRP*
- PRICE ANALYSIS : 1Day Chart ( Swing )
a) Chart Pattern = 1st Degree of Major Reversal Pattern of Cup Developing support for Saucer.
b) Maximum Reversal point Fib 0.618 critical area at Saucer tip line.
c) Currently Sideway at strong support 0.980 and Red line (TRL) 1.185
d) Requirement to Breakout from MA50 and Red Line need very high buying pressure (...
DATAPRP probably at last leg up of expanding flat which is C (Red Circled) and currently DATAPRP stock price at wave (4) (Cyan/Light Blue) which might be a bullish triangle pattern. Price might be resuming its uptrend after wave E ( yellow) completed at around RM1.135 .. while waiting to break RM4.130 which meant about 264.66% potential gain while cut lost at...
Prediction: Trend Reversal (Price stood above & support above Bull-bear divider, break 1.73 to rally.)
Target Price: R1=1.88-1.91, R2=2.20-2.22, R3=2.38-2.44
Support/Cut Loss: S1=1.40-1.37, S2=1.11-1.10
Signals & Analysis:
*Candle has turned from Red to Blue color on 08-Jul, an indication of a trend reversal.
*Price crossed above the Bull-Bear Divider (Redline) &...
