ellynacci

ellynacci

Bullish bias emerged above the symmetrical triangle pattern. As such, the stock may head north to test the next resistance of 0.755, followed by 0.875. Meanwhile, a reversal to below 0.44 would negate this expectation. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only

ellynacci

Prestar hit our target at 1.225 and negative divergence seen on Daily Stochastic - hence, FOMOs are advised to stay aside at current price level.

ellynacci Updated 

SLVEST has closed above a valid DTL this week preceded by an inverted Head and Shoulder pattern. We are optimist for further bullishness towards Fibonacci target 3.66. On the flipside, price movement below support at 2.12 will push the price lower. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.

ellynacci Updated 

Resistance: $1.9 Support: $1.3 Note that negative divergence is seen on daily Stochastic. Hence, be cautious for possible reversal as the price failed to close above resistance 1.89. Should the buying momentum still persist, next target is at $3. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical...

ellynacci

The share hit our target at 0.36. Be cautious for holding buying position as this level has been a support turns to resistance and the price has met with 200-w SMA. Overbought condition is seen on both RSI and Stochastic.

ellynacci

July contract has started with a price breakout above a Symmetrical triangle; which clearly suggest that the continuation bullish trend is intact and the price technically should witness buying momentum at higher level. Hurdles are seen at current level 3730 and on the ATH at 3950. Our minimum target is at 4290, however strong buying momentum could push the price...

ellynacci Updated 

Glove stocks has been recently aggressive with continuous buying momentum from the beginning of the month. However, we note that the price for this sector has reached significant resistance level and we also note that overbought condition seen on daily Stochastic. Price movement still remain below 200-days SMA. New long position need to be cautious for further...

ellynacci

The share dipped to 0.155, sharply at Fibonacci sell target after the ex date of Right issue. The price however bounce off from this level and closed at 0.185 this week. Our technical marking earlier are still intact. Nearest support is seen at 0.155.

ellynacci

We notice a breakout above the Symmetrical Triangle, hence we expect further bullish movement towards our target at 1.175. Nearest support is seen on the apex of the triangle at 0.835. Price movement below S2 will negate the whole bullish view. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical...

ellynacci Updated 

BIOHLDG found resistance at Fibonacci 2.618 and plunged down 61.8% from the entire upside movement from June 2020 for a pullback. The entire correction could have ended here as we can see technically on RSI oversold condition and the price currently rebounded on the uptrend line from Mar 2020. Our upside target is at 0.46. On the opposite scenario, price movement...

ellynacci Updated 

XRP has been notably aggressive for the past weeks, however met resistance at 1.0655 coincides overbought condition is seen on slow RSI. Be cautious as the price is more likely to pullback from the resistance level rather than break through this psychological resistance area at $1. Nearest support level is seen at 0.9191. Should the buying momentum still persist,...

ellynacci

We are optimist for further movement to the upside towards 0.930. Support is seen a 0.51 and 0.49. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only

ellynacci

Be cautious as the overbought condition is seen on both RSI and Stochastic.

ellynacci Updated 

RL has broken through resistance level at 0.4 and a valid downtrend line, signify bullishness. The price is correcting at current resistance zone and might be rising further to 0.6. A strong bullish movement could push the price higher to 0.72. FA is good, however declining. Disclaimer: The content on this analysis is subject to change at any time without...

ellynacci

Saudee has broken below Distribution level at 0.310, recently closed below this support turns resistance level . Our view is still Bearish unless new Bullish signal is seen. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only

ellynacci

CAD has been strong against USD, however this currency pair found resistance at 1.25. Hence, the currency pair is likely to bounce off this level and turn to the upside, supported by positive divergence seen on daily Stochastic. However, the upside movement could be a short term pullback as the selling pressure is still strong. Disclaimer: For technical...

ellynacci

GBP has been Bullish, however reacted at resistance area R2 with a pullback towards support floor level coincides with 20-w SMA at current closing price 1.37. We are optimist the currency pair could make a reversal movement to the upside towards out target at 1.48. However, should the selling momentum persist, the price could drop lower to 1.35. Previous...

ellynacci Updated 

GFM has made a significant advances above a strong 10 -years DTL , however found resistance at 0.48 and made a return move to Support level at 0.31. We notice a buying momentum persist above the support area , hence upside movement could continue, immediate hurdles are at 0.37 (R1) and 0.445 (R2). Price movement above resistance at 0.48 could push the price higher...