An almost triangle breakout. Next resistance would be at RM0.690....the momentum will largely be dependent on oil price movement.
Wedge shape triangle is forming here. Looks like in consolidation mode at the moment. Lower highs are obvious, but not lower lows. Price seemed to be well supported at around 0.570 area. Economic sentiment is not fantastic, investor confidence is recovering from the oil crash late april. Will need to observe a few more candles to see if more lower lows will be...
R1 - 0.660 EP - 0.625 S1 - 0.610 DISCLAIMER - UNTUK TUJUAN PEMBELAJARAN SAHAJA
Trading Idea for UZMA. The price will most probably break the resistance and continue the bullish trend. Trade at your own risk.
Ascending Triangle formed, Buy after breakout 0.700 , SL 0.63 TP 0.82
currently uzma stand firmly at the support area ! looking forward to break the resistance ( red circle) and stand above fibo 0.618 (0.685). Resistance: 0.685 Support: 0.615 Wolf
Target for long area demand H4, wait for PA reversal form before enter market
Sektor : Tenaga Sub-Sektor : Infrastruktur, Peralatan & Perkhidmatan Tenaga Kadar P/E : 6.03 ROE (%) : 6.97 Segala diatas adalah untuk rujukan sendiri dan bukan cadangan belian atau jualan
What else can i expect from you?
Can it be reality? Lets keep our finger cross.
If cant hold at 0.56sen, the next support line will be 0.50sen.
Is it a prediction? Or reflected from market emotion? Market emotion getting positive. Buying volume increasing. Breaking 0.58sen will be a confirmation.
Current price: 0.520 Support: 0.490 Resistance: 0.570