KVAL 02042023Counter looks to have bounced back. RSI bounced back and retested and moving towards resistance. Important to monitor the RSI resistance.
EDEN.N - EDEN HOTEL LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
The price has broken the long resistance trend line and is maintaining above it.
Also, it has created a descending wedge which is a bullish signal.
03-03-2023
EDEN was testing the support 17.50-17.80 area and created a bearish engulfing candle. RSI values cooled down a bit but. MACD is still sowing positive signs while the MA 20/50 shows signs to cross.
07-03-2023
The stock price kept dipping for the second day while validating the previous close engulfing candle. It broke the support from 17.50 to 17.80 (which was a weak support) and closed above the MA 50. The price closed at 17.00 Rs, the upper limit of the strong support area. (16.00 to 17.00)
08-03-2023
EDEN came down and closed within the support 17.50-17.80 range. If this support doesn't hold 16.00 to 17.00 support will be the solid area for rest.
Even though the price came down RSI and MACD was not showing negative sentiment.
17-03-2023
Share price kept gradually coming down to a strong support zone. There is some positivity cos' 20 MA has crossed the 50 MA.
24-03-2023
Share price moved sharply towards the resistance area of 18.00-18.50 and closed in the range.
Both MACD and RSI are showing bullish signs.
28-03-2023
Share price dipped further towards the support zone, but there was still interest to collect the share.
GHLL.N - GALADARI HOTELS (LANKA) PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
21-02-2023
Buyers broke the trend line after the accumulation was complete and stated it upward momentum.
02-03-2023
MA 20 crossed MA 50.
03-03-2023
It broke key resistance levels but failed to close above the resistance of 14.10, but it closed above the price 13.30 and we can assume that the selling volume has been absorbed.
The RSI is in a heated position at the moment.
The next resistance is 15.30-15.40, but it is a weak resistance.
20-03-2023
Bulls managed to break the price above 14.10 and close above it. A good buy volumes has been observed.
13.30-14.10 will be a good support for the share depending on the overall market sentiment.
31-03-2023
There was less activity in the share and price closed creating a DOJI candle.
MACD is showing some weakness but RSI is keeping above the mid line and ranging.
NHL seems like NHL has lost his upward trendline.. RSI showing weakness as well..
Hopefully there will be a retest for relief rallys
RCLthere is hidden bullish divergence in RSI. However counter needs a catalyst for next Run.. ! definitely good prices for long term players!
NTBsimilar to comb, bearish divergence and broken trendline..
GP seems to be interesting entry point for long term players
COMBCOMB has had a clear bearish divergences followed by a broken a trendline.
Now it is currently doing a bearish retest.
61 seems like a good level to jump back in
SAMPRSI seems to be on a bearish retest. 48 will be a really good price for Long term shareholders to come back in after XD tomorrow1
SUNshows clear breakout and retest. However RSI shows still bit more downside possiblility, i would consider green box for the retest entry!
BILSimple breakout retest and back up structure.
however note that DMA200 is currently still working as overhead resistance
SHOTSeems like another counter waiting for a big move. Do note the massive volume spike.
DMAS have convergence. 9.7 will be an important price point for bulls to flip.!
CIC.xGetting rejected at fib levels multiple times. 49.5 DMA200 looks like a good entry for a swing. However Risk taker might find mentioned trendline support as an entry as well
GRANseems to be having a healthier pull back while trading above DMA cluster
Green zone seems like a good support level
Ldev - plantation bossafter Massive rally from seems like Ldev taking a break. RSI has shown early signs of bearishness, as well it retested before the big drop. However not it has landed on Golden pocket. Short term RSI showing bullish divergence (15mins)
Quick rebound can be expected from current levels. Do note that prices are still above 200SMA making the counter still bullish on structure overall. Trade with a stop !
CHOToverall weekly setups shows a massive cup and handle.. Handle has been broken and currently on retest.
GP resistance and Bearish divergence made the prices to come down short term. However clearing 20-21 range. prices might spike up hard.
HAYLcorrected hard after losing fib level, and DMA200 support. It is notable that hayls could not pump hard with its divident buy corrected harder after XD.
however small TF shows bullish strength while 4hrs suggest bit more pullback.. RSI support line seems to be breached.. its good to be vigilant for next few days or use strict stoploss before the red trendline support !
AELAEL has broken out from the Triangle and has achieved its short term target.
RSI might make a slight bearish divergence at 14.8 level. Keep a close eye
CFVFshowing more bearish strength than bullish! However the green zone i marked might be intersting for reentries!
CALTsimple chart.. Broken down from rising wedge, found a fib support and now retesting broken trendline
Pros
massive drop on Bond rates
Cons
Poor ta setup
RCLseems like most of the folks used it for Dividend perse and got rejected hard at 35.2 fib point.
However now again at an attractive price for investors with a Hidden bulllish divergence in RSI.
JKHformed a double top with weak divergence and got back withing the symmetrical tirangle where it was.
probably a fake out? 135 range looks interesting for investors to get back in!
ACLHas taken support 79-80 levels together with MA 20.
Volume picking and RSI has taken support.
All MA's aligned with the 50,100 crossing.
at CSELK:ACL.N0000
