Has break resistance 0.275. Low Risk can Look for retracement to enter. High Risk to enter now but if price already move, suggest not to chase this counter.
P/s: This is not a Buy / Sell call. Please due diligence before enter any trade. Trading can inccur partial / full loss. Outmost cautious need to be overserved when investing in high risk instrument.
HM signal (High momentum) spotted. Looking good with increasing volume and momentum.
Manage to break out the previous high with higher volume and support at good level @ 0.200 - 0.210. It is likely to trend higher if the momentum continue to rise from here.
Sign of Strength in the chart:
1. Reversal with High Volume
2. NS in the background
3. Shakeout Completed
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 any stock
Note.
- Doji candle detect in last minute closing date
- Expected there will be a correction - sideways trend in next swing
- Suggest EP 10% of buy, Recovery 80% of total buy.
- Exit when SL -2-4%
Currently the price in triangle pattern and the price still holding above EMA100, still in uptrend.
Need to wait momentum to push price higher and break resistant
TP: 0.315
