As expected, price hit fib 1.272 and retrace back to nearest support 8.88 (previous higher high).
15mins, 30min, 1h chart is oversold (RSI+ MFI) and signaling strong buy signal (at linear regression 4th standard deviation/keltner channel range). It happened very few times on the past.
Last minute closing volume is huge. (IBs buying)
Yesterday giving a huge bullish engulfing. Reversal confirmed. Currently on its uptrend.
GOB hit resistance and gave a wave 4 retrace. Currently it is undergoing wave 5.
TP at least around 0.65.
Hi traders! Happy weekend!
Let's us look into KLCI chart using multiple time frame analysis by looking at the hourly, daily charts to determine next week price movement.
The hourly chart is showing some signs of weakness. From 25th Sept to 30 Sept, the candles failed to form higher highs and remained stagnant at the green line resistance (orange zone).
Hello traders! Let's see how notion is doing on Friday.
The price closed above EMA 21. But We still don’t see a breakout of triangle.
Based on daily timeframe, the trend line (Light blue) of base triangle acts as the immediate support. We can clearly see the yellow line is the strong support.
While the purple line represents strong resistance.
I expect a...
Strong bounce from 0.33 (daily ema200) and TD count down 13th was completed (hourly).
And soar upward and break over lower low (A) at 0.355
Minor pullback from hourly ema200
Currently at support 0.39
EP - 0.395
Short term TP
TP1 - 0.48
TP2 - 0.525
TP3 - 0.55
CL - 0.375
Disclaimer: Trade at your own risk. Happy Trading!