A Divergence Signal!
MACD and OBV indicate a divergence signal with RSI confirming average price gains from the previous trade. Where volume was closed above the MA20 line.
It is possible KPOWER is in the accumulation phase since the candlestick is still in a sideway pattern due to no significate price momentum to break out the sideway trendline.
Let's put KPOWER in WL and watch out for significant price movement with volume where it will breakout the sideways trendline.
R 0.290
S 0.215
It is possible KPOWER is in the accumulation phase since the candlestick is still in a sideway pattern due to no significate price momentum to break out the sideway trendline.
Let's put KPOWER in WL and watch out for significant price movement with volume where it will breakout the sideways trendline.
R 0.290
S 0.215
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.