Be cautious for new long position as the price has reached a strong resistance level at 71/b. Price movement above this level could introduce a new bullish trend . Earlier posting: Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
No sign for continuation movement to the upside at the moment. Earlier post: Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
WCT continues edging high above a valid DTL hence we expect the share to continue the movement to the upside towards Fibonacci 1.618 at 0.855 coincide resistance level in Dec 2019. In the opposite scenario, price movement below key support at 0.355 will drive the stock lower. Disclaimer: Our content is intended to be used and must be used for technical analysis...
Following a reversal V-bottom chart pattern, MRCB has been moving in a range bound below 0.60 for almost a year. The share has completed several reversal setup and recently, closed above a valid DTL. Our price target is at 0.80. Key support 0.355 Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
MMCCORP hit our target at Fibonacci 1.618 coincide resistance level in July 2019. Hence, avoid new long position unless technical evidence for price continuation exist. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
MMCCORP found resistance at R1, retraced and found support at 61.8% from the upside movement in Aug 2020 forming a Double Bottom. Recent price has significantly closed and moving above DTL. We are optimist for further rally towards Fibonacci level 1.618 at 1.195 coincide resistance in 2019. On the flipside, price movement below support at 0.775 might push the...
We noticed a Bullish breakout above DTL1, strengthen our Bullish view on earlier post on Dec 3. However, the price has made a return move on recent week, remain above support marked as S1. Nearest support is at 0.33 and a price movement below S2 at 0.24 will negate this Bullish view.
Bullish market structure developing with HH and HL since June 2020 and recently the formation of Bullish Cup and Handle chart pattern coincide with breakout above Resistance turns Support at 3.215 and a valid DTL. Our view is Bullish towards Fibonacci 1.618 coincide Support turn Resistance level at 4.30. Disclaimer: Our content is intended to be used and must be...
KUB is edging higher, closed above valid DTL and could potentially reach next Fibonacci target 4.236 at 0.915, coincide resistance level in Feb 2011. On the flipside, price movement below the nearest support level at 0.475 could push the price lower. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
Closed higher this week above resistance at 0.255, IBHD is assessed as technically bullish for short term towards next Fibonacci target level 2.618 at 0.36. The share has support point at 0.21. Price movement below this level could push the price lower to 0.15. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
KPJ hit resistance level at 1.10, hence avoid new long position Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
XAUUSD has surged to 2077 since a dramatic drop in Mar 2020. From this level, the commodity has made a significant pullback from Aug 2020 and retraced 50% of the rally. The price bounce off, however, failed to close above resistance level at 1960. Theoretically, in Measured Move, it is assumed the next leg in the uptrend will come close to duplicating the first...
Closed above Support at 0.66 coincide Fibonacci level 2.618, hence has a great chance to climb higher to Fibonacci level 4.236 at 1.02. On the flipside, price movement below support level at 0.66 will push the price lower to 0.50. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
USD/CAD has violated mid BB since June and has been trading below mid BB up to date. Our view is Bearish, following weak Dollar index. We also note a pre-mature Double Top in both Jan 2016 and Mar 2020. The currency pair has significantly trading below a valid uptrend line since Sept 2012, signify weakening Canadian Dollar. The price could push down to support at...
GFM had been bullish, met resistance at 0.25 and has been consolidated since June 2020. Recently breakout above a valid DTL. Potential higher movement to FIbonacci 1.618 at 0.315 coincide resistance in Dec 2019. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
NIHSIN has recently recovered a pullback, broken through a valid downtrend line. The share could potentially reach ATH at 0.375 or perhaps, higher at 0.395. Exit below support. Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own...
We noticed TCS has made a significant breakout above a downtrend channel which could be a bullish Measured Move formation. Hence, the next movement to the upside could be duplication the first leg (AB) to point D, coincide Fibonacci level 2.618 at 0.73. On the flipside, a price movement below S1 at 0.50 will negate this Bullish outlook. Earlier...
AT is moving along a range bound area between 0.15 and 0.22, however the bullish scenario is still intact. The price is still moving above 200-days SMA and recently, breakout a bullish wedge pattern. Nearest support is at 0.15. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.