-PROPERTY-
Price currently been trading in accumulation phaseC with spring confirm with stopping volume.
Im expecting price might rebound from this RBS level.
im watching for trading opportunity.
Price testing demand for the second time after showing minor sign of strength.
This 2nd spring volume seem heavy this indicate that effort much greater.
im watching for trading opportunity.
Based on OBV oscillator, SYMLIFE showing a Divergence where it is moving in the opposite direction. Despite MACD showing positive momentum and price still above MA20.
If the body candle crosses over MA20. Then it confirm a Down Trend pattern.
R 0.605
S 0.570
The chart shows an engulfing candle and mark of T0 with support of high volume. Will today the body candle cross up MA50? The probability of changes is high because MACD line is a cross-up signal line in the MACD chart.
R 0.600
S 0.550
First of all this is not investment advice. Always trade with due diligence.
From Elliot Wave perspective, Symlife in corrective mode (a)(b)(c). (a) wave just completed and there was a breakout of downtrend line on 28th April as confirmation. (b) wave is now started and expected to move to a minimum of 0.845. This count will be invalidated if price touch 0.670....
