ESCERAM
Esceram’s Pending Rounding Bottom BO?Finally broke through the former heavy resistance of 770~800 and managed to close at 810. Need to close above 845 to complete the rounding bottom pattern perfectly for possible further breakout.
Support at 770, resistances at 845, 890.
Disclaimer: Trade at your own risk.
Esceram - Dropped to EMA20 Support and Rebound againBounced off from the red EMA20 line after another sell down due to sudden bad market sentiment. This is the 5th occurrences after the uptrend officially started on 21st Jan. Banker chips at 60%.
770 will be strong support here and 840 resistance which is hard to break.
Disclaimer: Trade at your own risk.
Esceram standing strong and still a good long term prospectEsceram’s suddenly plunged to the low of 740 which is near to its EMA20 support line when the market was spooked by external factors for a short while. Weak holders were shaken out and price’s steadily inching towards 800 mark. Closed at 790 with strong buying interest.
Immediate support and resistance are 720 and 845.
Disclaimer: Trade at your own risk.
ESCERAM Trading Idea 31/01/2021Daily chart: EMA golden crossed, uptrend movement initiated. However, there is a trend line resistance to break. If it could break out and stand above it, the uptrend will be confirmed.
Weekly chart: it moved back in the uptrend channel, the question is could it stay in it?
ESCERAM - Analysis by MFA @ 04-Oct-2020Demonstration & Ilustration For Analysis Tools by MFA.
Trading Style: Swing
Estimated Holding Period: 0-2 month
Checklist For Bullish Setup:~
1. Candlestick: The price has closed with a strong Bullish Candle. Yes/No?
2. MFA S&R Line: The price is still at Support Zone area. Yes/No?
3. MFA Trend Line: The price has started to break downtrend line. Yes/No?
4. MFA Bullish Indicator: The stock is still in Bullish Momentum (green). Yes/No?
Disclaimer:~
The writing purpose is for demonstration & ilustration of Analysis Tools only.
