Optimax. Possible forming a VCP pattern. 22/Sept/22Optimax. Possible forming a VCP aka cup and handle pattern.
OPTIMAX trade ideas
Optimax holding nice elliot wave paternwow..cun
buy if breakout 0.645
Entry price 0.645
Stop Loss 0.495
Target price 0.765
An Uptrend Momentum Pattern!MACD and OBV charts indicate an uptrend pattern where price candlestick body and volume confirmed the pattern.
Precaution for the price correction between ~10%-15% from the recent peak before the price continues to push up.
To place a bid, use VWAP as a guideline and place the bid below the VWAP line.
Let put OPTIMAX in WL and watch out for MA20 crosses up MA50 which indicate a strong uptrend pattern and a long trade position.
R 1.430
S 1.360
OPTIMAXGOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support will be recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
JUST MY OPINION!
NOT A FINANCIAL ADVISE!!
Optimax - Potential UptrendBreakout short-term downtrend, Continue long-term uptrend.
Looking for trading opportunities.
OPTIMAX - Further Recovery on The Way?OPTIMAX
Rst: 1.30
Spp: 1.26
With previous 2 red candles being denied by strong candle today, there’s tendency to see continue rebound in coming days.
Correction undergoing but...A beautiful Flat Bottom is forming, as usual, lower and lower volume is seen.
Now have to be careful to sustain around 1.550-1.570.
But, Head & Shoulder is forming too. First have to monitor whether it will sustain inside the Triangle, or else, it will come down to the next support.
Chance to buy on dipPrice touch the lower channel and seem to be supported well
Macd showing golden cross soon
RSI oversold (RSI <20 )
Good fundamental and good prospects
Bullish Newly-ShariahOptimax has recently break a downtrend line and move towards resistance at 0.8 and recently retraced 50% of the move. We are optimistic on further bullish movement which could possibly break ATH at 0.895 to Fibonacci target level 1.618 at 0.92. In the opposite scenario a move below the support at 0.65 will drive the price lower.
FA looks good. Semoga bermanfaat.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
