Spotted this golden stock during end of January 2021 !
I entered at 0.885, but out at 0.935 after 1 week :X, now it hits 1.80 at highest! It's more than 100% in 3 months !
Have set 1.73 as TP on earlier of March and it has passed 1.73 for now.
S: 1.73, 1.65
R: 1.80 (if break, then fly higher, if not then pull-back would be seen)
Reached resistance level again, 0.50 area.
18/03/2021, I posted the analysis while the price is around 0.41, then it broke out of the ascending triangle on 19/04/2021.
30/04/2021, volume surged again with good closing price!
R: 0.505, 0.545
S: 0.46, 0.44
Broke descending triangle upper line on 23th March.
Then went into rectangle channel which broke out/closed above 0.55 and as at 16th April it closed above 0.575 huge resistance line.
Next resistance foresee at 0.66 which is around all-time-high.
- V reversal can be seen. Rebounded below area of 61.8% Fibonacci.
- Small ascending triangle can be seen with resistance of 0.465.
Good Cup and Handle Formed!
With good QR announced today:
• QOQ +492.5%
• 30m profit after tax
- RSI shows being oversold
- handle is forming nicely
- if can break out Cup neckline then would be xxx
Long term target based on height of cup: 0.64
Doji appeared when forming pennant.
Monitor to see whether it can break out on 18 March.
R2: 0.79 (all time high)
Target: 0.84 based on “if” flag-pennant formation broke out
S1: Lower pennant line
Retracement completed at 61.8% fibo level.
Retesting to break 0.215 all-time-high.
Broke out flag pattern.
Banker chips increased.
Pull back volume diminished along the parallel downtrend flag pattern (a sign indicating profit taking).
One of the Consumer products counter (Personal Goods)
- Broke out 0.55 neckline.
- Consolidating into ascending triangle/rectangle channel.
- Hot money still inside.
- Above EMA 9,20,50,200.
- Volume getting smaller as price getting lower (profit taking sign).
- Volume getting smaller as pennant width getting shallower.
- Broke out pennant with volume increased.
- Retracement could be counted as completed (retraced at around 61.8% fibo) and rebound would be continued.
- Current price above EMA 9,20,50,200.
Broke out Penant Flag on 12/3.
Volume increased during broke out.
Currently at 78.6% fibonacci extension level.
Might go for correction as RSI is in overbought status.
Still above up-trending line.
Still above EMA 9,20,50,200.
Short term profit taking: 0.565 (Based on 100% of fibo extension)
Mid term profit taking: 0.645 (Based on width of penant)