KRONO posted latest quarter results on the 30th Oct 2019, triggering a spike in share price. After failing to break through 0.805, price fell and almost undone all the gains since releasing results. However, the correction could be an opportunity for buying at support instead of the usual breakout signal.
Bias: Short term bearish, yet moving averages (MA) in...
1. VOLUME IS INCREASING
2. WAIT FOR PRICE TO BREAK RESISTANCE LINE
3. MA CROSS, GOOD SIGNAL OF BULLISH(CHANGE TREND FROM SIDEWAY TO BULL)
4. MONITOR CLOSELY
KRONO - Bullish breakout from 0.64 after morning star formation emerged on Friday, but the stock hit immediate resistance at 0.67 this morning, so what's next? Given current momentum, rising RSI & Stochastic suggest way towards north is still possible as long it can sustain above 0.64. Next challenge at 0.685
Krono
Technical wise Kronologi is now pulling back with low volume with immediate support at 0.605 and mid term wise looking to long with immediate resistance at 0.645 a d 0.665. Breaking out of this could possibly see a new high.
Funds/institutions holding price is around 0.633 besides the foreign fund holding at 0.555.
One more extra thing to take note is...
Strength in the chart:
1. Testing the support with strength
2. Low volume and narrow spread bar
Send us your preference stock to review based on TradeVSA chart by comment at below.
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...
Risk reward ratio 1.67
Support bertahan pada harga 0.595
Volume berkurangan ketika harga saham jatuh adalah petanda yang saham ni kejatuhanya adalah bersifat sementara.
TP kita letak paras resistance sebelum ini.
KRONO ASIA.
Harga mula bertukar arah,
Macd juga Positif dan Stoch di bawah 80.
Ini kita panggil "confluence"
Peluang untuk berjaya adalah lebih cerah bila ada Confluence.
Stop Loss @ 0.59
A good question from member regarding Kronologi using Volume Spread Analysis. Overall Krono still moving in sideways market.
Looks for shakeout signal to trade.
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct...
Following the review I wrote on Krono (Nov 2), the V bottom pattern and the good earnings of the company gave me a reason to believe that the price should be gaining on with some momentum. The technical indicators are showing MACD bullish crossover and RSI breaking the 50% mark.
Link (Nov 2) -
On the Nov 2 post, the price of support given was 0.605, while the...
Greetings to all.
Here is a technical review on KRONO.
1. V-bottom pattern was spotted after the company released good earnings in recent QR announcement.
2. Based on the Fibonacci key levels, 0.605 is the important support, while the resistance levels are 0.66 and 0.72-0.725.
3. MACD bullish crossover spotted and RSI broke the 50% resistance.
4. As of...
KRONO is a profitable company, breakout the triangle consolidation pattern with strong volume.
Price might break R1 and attempt R2 (previous high). Take profits regularly to avoid dissapointment.
Cut losses short if price went below S1.
