BO from the Cup and handle pattern. price target 0.925= weekly resistance and Monthly resistance. current price 0.72 support at neckline 0.67. risk 6% reward 28%.
Failing of making a new lower high and lower low may be indicates us that K1 will be starting a new trend. huge volume suddenly came in, ma20 and ma50 almost cross. worth to watch
Saudee end the uncertain week at bursa by forming a morning star pattern at weekly timeframe. we also can see saudee succesfully closing above the ma20. posible uptrend coming?
Strong bounce at ma50. forming a bullish engulfing. hit limit up yesterday.
We can see an ascending triangle formed in daily chart, supported by 20 ema. the closest resistance is 50 ema. just had a attempt to break it this morning but still cant due to selling pressure. i am positive that once it broken with high volume it can go for 0.59 resistance and if 0.59 resistance break, the asscending triangle pattern will be validated and BOOOM...
build up at resistance, supported by ema20. might soon breaking out if huge volume come in!
Price close at resistance, maybe can break it tomorrow and go back to retest the 0.745 resistance
MCLEAN is just above the 0.445 support level. the MA50 also catching up to the 0.445. Might reverse back to retest the 0.525 resistance level. My plan is to enter the trade at 0.445 if posible or maybe 0.45. target profit 0.52 (15%) Cutloss 0.42 (6%)
Might be breaking out the 0.435 resistance level. need to see how it open next monday. it also might reverse back to 0.385 resistance level. we can see a guild higher high and higher low at the resistance before it close above it. my prediction is the price will continue to breakout next monday! Stop loss 0.42
The trend tend to respect the ma50, my trading plan is to buy at 0.33 as the price is at ma50 and support level. big potential for it to become the pullck area for syscorp to retest the 0.380 resistance level. 10%-15% target profit. stop loss 0.31
Rejection at 0.535 resistance level. My plan is to wait for pullback at 0.47 support level and ma50 might catch up at the price level as the chart tend to respect the ma50
Descending triangle formed in daily timeframe as GFM has been rejecting 0.315 support for the 3rd times. A breakout will soon happen but we still dont know wether its a breakout to downside or upside. Lets wait what will happen today :D