OPTIMAX trade ideas
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
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.
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.
