A Breakout Pattern!The candlestick indicates a price breakout above the " triangle" pattern neckline on 2 Oct 2022 backend with volumes. Thus, closed above the SMA line where the stock has consolidated and formed a "return move".
The MACD indicates a divergent pattern where confirming the initial significant price movement toward the next price resistance.
The RSI indicates a bullish reading backed by a positive signals in the trend.
Let's save HUAYANG in WL and watch out significant price movement toward the next price resistant backed by volumes.
R 0.195
S 0.160
HUAYANG trade ideas
<TradeVSA> Hua Yang - Sideways with Low VolumeStrength in the chart:
1. Accumulation stage
2. Line Change high volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Hua Yang - Volume Increasing from SupportStrength in the chart:
1. Changes in trend with volume
2. Forming support with Spring
3. To retest resistance soon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock