KANGER (27/11/2020) on another rally?
On H4 chart, KANGER has been on sideways for about 2 months. Since 2 weeks ago, its been forming 2 higher lows creating an ascending triangle pattern.
The price will be testing resistance zone 0.205 - 0.215 with support of 0.145. Breaking of resistance zone could bring the price to 0.250 and 0.285 (RRR 1:2.5)
MACD on last hour chart started to show breakout signal, but we won’t know for sure. It could be cancelled out in next trading hour. Stochastic on H4 chart showing a good momentum for upward movement inside the channel.
KANGER is quite a heavy stock with large balance float (48% of 2255M shares) compared to its competitor RGTECH (22% of 525M shares). This could add significant friction to price action.
TAYOR
The price will be testing resistance zone 0.205 - 0.215 with support of 0.145. Breaking of resistance zone could bring the price to 0.250 and 0.285 (RRR 1:2.5)
MACD on last hour chart started to show breakout signal, but we won’t know for sure. It could be cancelled out in next trading hour. Stochastic on H4 chart showing a good momentum for upward movement inside the channel.
KANGER is quite a heavy stock with large balance float (48% of 2255M shares) compared to its competitor RGTECH (22% of 525M shares). This could add significant friction to price action.
TAYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.