Breakout from descending trendline is being enhanced by another green candle, rise above another resistance 7.10 as well. With the facilitate of improving indicators, there’s tendency to see another breakout attempt at MA50 trendline.
Still in deep bearish mode but in the view RSI bullish divergence got enhanced in Daily and 4H chart, there’s tendency to see rebound play. Apart from technical, the stock is actually in pre-Covid rally level, will it loses its strength straight that soon?
The completion of H&S formation doesn’t necessary mean the stock will be plagued by selling pressure. Indeed, the sentiment for recovery play is slowly picking up again, shall see further play in coming weeks.
Still facing stern resistance at its triple top neckline, slight deterioration on Friday but can monitor further first to confirm if the stock is able to make the break through. Stay around 277 area is critical for the survival.
Fresh breakout from pennant formation but due to BB formation still in very narrow form, it will require some time to let the formation open up first before allowing sustaining upside to emerge.
Rst: 0.375/ 0.41
This stock is following the excitement among other low liquid stocks but don’t expect it will see substantial move in the view strong resistance level is near at 0.41 (upside room is little), and candlestick built is heavily messy.
Resting at good supporting region now MA200 + MA50, downside potentially limited at current stage and you may expect technical rebound play from current zone. Retesting its descending trendline near 2.26 is possible.
Remain in tight consolidation zone between Fibo Ext 50 - 61.8%, no significant sign of improvement observable from Daily or 4H chart yet. The index will plagued by weakness for certain period of time.
Strong gap up upon earning release, you may be afraid to ride counter that has spike in this way but frankly a stock in uncharted territory, with broadly widened BB, will continue to catch trader’s attention.
Bullish RSI divergence observable in both Daily and 4H chart, so the crypto has chance to recover towards level close to middle BB, to challenge falling wedge breakout. This breakout is critical to halt the crypto weakness.
Arrived formidable support level at 7.10, with RSI starts to prop up & MACD done bullish crossover. Green candle formed today albeit not strong one affirms yesterday tweezer bottom, so there’s tendency to see rebound play in coming days.