SAM price has retraced 70 % from all time high to current price level at $ 384 coincide with most transacted price level at $ 384 over the last 5 years.
Golden Cross just appear on the MACD fast/slow lines signally upside potential of price.
Smart MCDX's "green" bar retreating with increasing yellow bar "hot money" signalling potential short term bullishness....
Stock Price has decreased 48.6% to date from all time high. Price level has retraced near consolidation where most transacted price level took place over last 5 years period near $ 109 level.
TROW has strong fundamental with high net margin/ cash flow margin & high ROE/ROIC .
Good dividend yield at this price level , worthwhile to build position to reap the...
Currently Meli stock on bullish uptrend .
MA 150, MA 200 sloping up currently.
Weekly Candle break out from consolidation triangle.
Weekly Candle pattern with Bullish Momentum
Red bar appearing Smart MCDX indicating smart money from Institution start to trickle in .
RSI above 50 indicating price with strong momentum towards upside.
Price broke out from long consolidation and now riding on the uptrend. It has been in consolidation about a year and finally price bull has proven stronger than the bear.
The longer the consolidation, the longer and stronger the uptrend price movement will be in next few quarters!
Rising Triangle depict consolidation of price is ongoing with uptrend bias. Mid to long term EMA indicating continuation of uptrend, Rising RSI indicate uptrend is improving.
Good to collect on weakness when price approach moving average support .
Resistance at 1.97
Support at 1.51.
Price bounced off from bottom with twice of lower high & lower high upward "W" formation.
Long term moving average /150/200 has flatten and mid term MA 50 start to curve up. Potential
Short term EMA20 has crossed EMA 40 and price climb above these two EMA , good indication of short term upside .
Immediate resistance at
.17
.19
.20
.245
Good for collection at...
Price actions show price found bottom from the "W" bottom formation and short term daily moving average has crossed the mid and long term moving average which has flatten and start to curve up. Candles also climb above the moving average, with this trend continue. All the moving average will continue to slope up.
On weekly basis, candle is currently approach...
Stock price tested resistance at 4.50 currently retract to find EMA support and will retest resistance at 4.50 .
Price still hover above EMA 20/40 with EMA 20 above EMA40. MA 50/150/200 all show general uptrend, hence there are many level of support below the currently pricing.
Price will continue to move up once resistance is broken.
consolidation is ongoing with no sign of smart money retreating . expect to jump once consolidation completed.
Key support level at .55-.565 , if price break this level better to exit for short term player.
Bearish Trend for Glove Stock formed failing to break M-Mountain Top resistance.
MACD show clear divergence trend.
Candle has dropped below EMA20 .
EMA 20 crossing down below EMA 50.
Smart Money has slowly slipping out.
Immediate S1- 6.305
Immediate S2- 5.795
Immediate S3 - 4.475
Candle start to test the short term EMA on the weekly candles, may go further down if it breaks key level of support at 5.65 . If resistance at 5.65 broke.
It is retracing from overbought region and weekly MACD about to form a dead cross with driving histogram towards negative territory and hence price is likely to head south.
Further supports at :
Support...
Wilmar's food business is revolving around agriculture products which includes soy bean crushing, wheat flour milling, crude palm oil in both upstream and downstream sides, & sugar plantation & distribution network.
With all the rising commodities for all these products above with the rising food prices across the world, seems imminent that the upcoming profit...
Price slightly on consolidation mode but in general all long term 50/100/150/200 MA pointing towards upward rising trend. Hold and rise with steady wave up ..
Penetrate resistance at 18.50 .
Candles stay above EMA20/ 40 indicating short term upwards bias.
MA 50/100/150/200 all pointing towards upward trends.
Huge money flow in to bottom fish from 17.45 with increasing price momentum.
Nice cup and handle chart pattern formed.
Next resistance
19.60
21.30
Price rising above short term EMA20/ 40 and as long price keep maintain above EMA20/ 40 , long term MA 50 to 200 continue to trend upwards, currently going towards first resistance at 8.345 .
Price well supported along MA100
Next Resistance -
R1- 8.515
R2- 8.515
Resistance zone- 9.0-9.3
Macro economy outlook
Rising bond yield may be the catalyst for future...
Technical Analysis
Price test and retrace from support at .645 ,and rising up along the uptrend channel to test previous resistance at .73.
short term EMA and long term MA form very bullish upward pattern coupled with rising momentum.
Next resistance
R1 - .73
R2 - .81
R3 - .875
Fundamental Analysis
World economy is on recovery mode with vaccine roll out...
CBIP in recovery mode with nice double W shape and nice Cup & Handle pattern formed on weekly chart .
Moving average lines up nicely with short term MA trending up above the long term MA. RSI trending up and stochastic is bouncing off the oversold region.
Resistance level at 1.25 from confluence of MA corresponding to previous Support & Resistance
Next...
