MACD and OBV charts indicate an uptrend pattern where price candlestick body and volume confirmed the pattern.
Precaution for the price correction between ~10%-15% from the recent peak before the price continues to push up.
To place a bid, use VWAP as a guideline and place the bid below the VWAP line.
Let put OPTIMAX in WL and watch out for MA20 crosses up MA50...
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support will be 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!!
A beautiful Flat Bottom is forming, as usual, lower and lower volume is seen.
Now have to be careful to sustain around 1.550-1.570.
But, Head & Shoulder is forming too. First have to monitor whether it will sustain inside the Triangle, or else, it will come down to the next support.
Optimax has recently break a downtrend line and move towards resistance at 0.8 and recently retraced 50% of the move. We are optimistic on further bullish movement which could possibly break ATH at 0.895 to Fibonacci target level 1.618 at 0.92. In the opposite scenario a move below the support at 0.65 will drive the price lower.
FA looks good. Semoga...
