MPAY looks like ready to breakout from cup with handle pattern with the neckline at 26.5 cents. Past few sessions volume have also been more active. Based on the depth of the cup, the potential price objective for MPAY could be somewhere at 35 cents. Will the cup with handle breakout be successful? Let's seee Dislaimer: This is by no means a recommendation to...
Sersol can be seen trying to break the resistance at 29 cents over the past few days. Accompanied with higher volume but it still closed at 29 cents. As long as it does not break that blue uptrend line below, this counter should still remain bulish. Let's see if Sersol manage to break and close above the 29 cents resistance in the coming week. Dislaimer: This...
CIMB looks like forming a cup with handle formation at first, but the handle is now way too long and it is almost like a double bottom now. Let's see if it can break the resistance of RM4.67. Noticed there have been multiple attempts to break this resistance but has been unsuccessful so far. Trend looks good for now. Let's see if it breaks out. Dislaimer : This...
Spotted cup with handle pattern for Infosys Ltd in NYSE. Unsuccessful breakout on the 8th June at the neckline at $19.50. Let's see if the big volume comes in to give the push to break out. Dislaimer : This is by no means a recommendation to buy. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any...
After the major rise towards the end of 2020, Hiap Tek formed a cup with handle chart pattern, but unfortunately, the breakout was unsuccessful. It seems to be completing the formation of Asending Triangle . Let's see if it manage to do a breakout from the ascending triangle. MACD indicator showing a potential golden cross could be an indication of a potential...
After climbing up from 26 cents low in March, Widad looks to be forming the cup & handle formation now. Could have more upside if the breakout happens