1. The recent rebound from the support level at 0.845, coupled with the successful breach of the downtrend line, signifies a promising indication of a potential reversal in the current trend. 2. the crossing of the Accumulation/Distribution indicator above the 0 line further reinforces this outlook, suggesting an increase in buying interest that can potentially...
Will it break Resistance to reverse the previous Down Trend? Its EMA 20 is below the 200 & 50. Look for a bullish confirmation (candlestick and indicators) when it breaks Resistance.
Potential to rebound and swing higher?🤔 >> Bottom catch has signal 🚦 >> swing traders seems collecting >> big picture 🖼️ is at bottom too Just wait for next signal... Just wait. > Hull MA still red ♥️, wait for 💚 🚨 > possible to challenge new high? We won't know. Just see how the market react. Disclaimer: Mentioned stocks are solely based on own opinions for...
1. Ascending triangle pattern can be seen 2. Looking at past history, price will bounce when hitting at the support of the pattern. 3. No abnormalities in terms of volume, RSI and OBV. Besides, volume becoming lower and lower for 4 days and that showed that the selling pressure is becoming less and less. 4. Risk reward ratio is 2:1
SFPTECH form an obvious VCP with below contraction. C1: -27% C2: -13% C3: -11% Foresee there will be another C4 contraction below 10%. Be patient and monitor closely. Disclaimer: Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any...