The price is currently testing 0.095 weekly resistance , next resistance around .135 & .16 .
Moving average has EMA 20 has crossed EMA 40 , long term MA 50 has flatten and curving up, MA 100 start to flatten, as long as price stay above EMA 20/40, the shorter term MA is going to cross the longer term MA to form the bullish trend.
Good bottom collecting phase.
Pantech testing resistance at .495 . Next resistance at .535 level..
Rising short term and long term MA & EMA suggest strong upward rising trend on the daily chart.
Vaccine is arriving and economy is expected to recover and hence driving commodities including oil higher, the sentiment towards long beaten down stock has improved and this would fuel the further...
EMA exhibit strong bullish trend with EMA20>EMA50>EMA100>200... in consolidation/accumulation stage prior to continue its uptrend as shown by big volume transaction with minimum volume exit .
Gap up with significant spike in volume , support level around 1.63 with short term consolidation . Chance of rising further is higher with huge spike in smart money moving into the stock..
Next Target Price 1.95-2.10 ..
1. Price swing within up-trending channel.
2. Currently testing up-trending support lines
3. Potential renounce at support lines to test down-trending resistance.
4. Once break out- will test following resistances.
R1 - 0.97
R2 - 1.00
R3 - 1.10
Candle falling below MA 20.
Imminent crossing down towards MA 50 .
MACD shows negative divergence.
RSI and Stochastic in negative territory not yet bottom out.
smart money fading.
Support around 245-248 by confluence of long term (MA200 ) uptrend line and horizontal support around near 245.
If support broken, may test next support at 230.
FCPO break out from long term resistance level at 3131.. currently on further upside trend towards resistance levels:
R1- 3514
R2- 3892
R3 -4185
FCPO rises on rising soybean oil future and crude oil.
Daily candle hover above MA20/50 and generally supported by upward trend line. Buy on dip if candle approach MA20/ Trendline.
Currently testing .245 once break , will continue to test the subsequent resistances as shown below .
Next resistance
R2 - .265
R3 - .275
R4 - .290
R5 - .300
Price consolidation around d.355- .385. Success breakout from .385 which turn into support.
Has tested resistance at 0.41 and going to test resistance zone form along trend line and previous resistance resistance around .40-0.41 .. Opportunity to long once stay above .41 for few trading days.
Crossing of EMA 128 / EMA 200 is imminent. Rising Channel Trend has formed . Daily Candles still hover above the EMA 20 curve and price supported by EMA 20/ EMA 50 . Buy on Dips when Candle approach EMA 20/50. MCDA shows bankers bulk buying interest.
