Base on 1h chart, it may pullback soon. Need to intact with the blue uptrend line in order to continue the trend.
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...
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support,sell at the resistance are recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
JUST MY OPINION!
NOT A FINANCIAL ADVISE!!
The Adam and Eve patterns are multi candle formations during the price movement of any financial instrument signaling an upcoming reversal. Thomas Bulkowski’s Encyclopedia Of Chart Patterns contains brief descriptions of these chart patterns, usually two types: Adam and Eve top and Adam and Eve bottom.
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Buying on the f*** dip.
price currently been trading n re-accumulation phase C as a final shakeout.
key levels;
support - 2.550
resistance - 3.362 / 3.845
20 DH - 3.362 (24.04%)
52 WH - 3.846 (41.92%)
ATH - 3.845 (41.92%)
GENETEC's stock price have exponential/ tremendous growth since early 2020 with more than 4600% gain.. BUT its price may completed wave a (green) soon.. With proposal of 12 bonus shares for every one share held its current price may adjusted to RM4++ from current RM47++ after issuing bonus..
GENETEC Limit up today and hence been running on a clear uptrend path since 7th of June. Why ? Volume and Darvas Analysis manage to detect Hidden hands intention on a trending pathway since 3.68. How important is this piece of understanding to make a difference in our portfolio.
MYX:GENETEC
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Strength in the chart:
1. Line Change high volume
2. Green pentagon
3. Accumulation stage
Hit the "LIKE" button to support us :)
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
Share price increase suddenly which show momentum, however this momentum is not shown in MACD indicator. Price already move beyond middle band of BB and touching upper band, which indicated bullishness. Expecting the share price to go higher.
![GENETEC: GENETEC [20 November 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/y/yfJPCgWb_mid.png "GENETEC [20 November 2020] Buy On Resistant Zone Break Out")
