Daily Chart
1. Green Pentagon with Change of trend
- cross above 20 / 40 MA
2. Cluster of Closes with NS signal
Hourly Chart
3. Pullback with Spring and NS
Take note on Kossan-C13
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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...
SHORT TERM LONG. STOCK MOVEMENT STILL FOLLOWING UPTREND TRENDLINE & MOVING AVERAGE EXPONENTIAL STILL ON BULLISH CROSS. POTENTIAL TESING R1 & R2 ON SHORT TERM.
TAYOR!
The support and resistance level of Kossan are 12.32 and 17.1 respectively.
It is observed that the MACD line of KOSSAN is above the centreline indicating some degree of strength in the price movement.
Resistance 1 : 17.1 (4.46%)
Resistance 2 : 17.46
Support 1 : 12.32 (-24.58%)
Support 2 : 11.96
Descending Triangle prediction at 21 Aug 2020.
Possible bearish...
Just like most glove counters, Kossan was caught by the heavy sell down this few days. As for as the major trend is concerned, it seems that KOSSAN is just resting on the uptrend support line. Will need to observe and see if it can bounce back up in the next few days.
KOSSAN 1 Hour Chart:
7/12/2020
Support : 9.60, 10.90
Resistance :
Higher average volume than mid-end June
Momentum swung between positive(mostly)/neutral side since 29-Jun
Currently it is above support uptrend line 1 (similar with SPMX)
At least hold on support line 2 to maintain the current uptrend
The highest uptrend line could be potential target...
