It was on its way to complete the handle when the oil steams slows down due to new Covid strain. But seems the +ve momentum is coming back and probably we could see the trend resumes. However in H1, no indicator indicates a reversal yet, probably to wait for better signal during trading day. R 0.680, 0.700, 0.760 (neckline) S 0.650 This will be invalid if the...
Moving towards the neckline, stock is making a good run now. MACD+RSI+Stochastic gives good signal for momentum. Do observe the gap zone 0.890-0.995 which is waiting to be filled fast. A safer entry is to entry after its breakout the neckline (0.755) EP 0.760 TP 0.820 (+7%), 0.930 (+22%), 1.0 (+32% physocological support) , 1.07 (+41%) SL 0.705 (+7%) Speed:...
CARIMIN Rst: 0.80 Spp: 0.715 Bullish engulfing formation, pushing the stock back above Fibo Ext first tier hurdle, this move indicates the bullish strength is yet to dissipate, surge can be expected towards next Fibo level at 0.80
CARIMIN Rst: 0.80 Spp: 0.715 Bullish Marubozu candle rose above upper BB and at the same time propelled above Fibo Ext first tier resistance zone, indicating the stock will cast further move to 61.8% zone.
CARIMIN has been riding downtrend channel since 4-Aug-2020 and currently is on top of parallel channel. Stochastic showing a downside bias with no breakout sign from MACD. Volume are quite heavy in past few days probably due to vaccine/covid recovery theme. If the price action unable to breakout 0.565 resistance zone, it will continue downward in the channel with...
Similar to most upstream oil players, it is showing a triangle formation. While it is clear the low highers have been forming over the past few weeks, it is not so clear about the lower lows. Weak economic sentiment and poor investor confidence in O&G since the crash ( in late april) will be a driving factor to determine the price for these counters. If the...
Recent breakout failed. May bounce on trendline and test previous high at 0.80..if break trendline price will drop to 0.66.. All depend on world oil price.
Support line 0.67sen. Resistance 0.775sen. However, need to stand firm above 0.72sen in Monday.
CARIMIN Rst: 0.65 Spp: 0.565 Being supported by lower BB, no strong buying pressure emerges yet but it's considerably safe point of accumulation.