Minetec is now at support level. Momentum is still in positive uptrend area. Expected to rebound and continue the uptrend cycle for the next few weeks.
DNEX is currently trading above 50 EMA. 40 day Momentum bias still on the upside. With volume, potentially to break ascending triangle line @ 0.195, and move higher to challenge next resistant line @ 0.240.
Johotin has taken reentry price and will do a home run targeting next level of strong support.
I think next week was a reversal toward current trend line of broadening chart pattern.
WILL JOHOTIN BREAK THE CURRENT RESISTANT POINT. BASED ON OSCILLATORS, THE CHANCE IS HIGH. JUST BUY..:)
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I think the gap should be an exhaustion gap instead of break away gap. Currently the price already breakout the previous gap resistant point.Overall I think the gap should be closed within a week. I think it will retest current resistant point this week before the price will move higher to 0.705. EMA also already signalling a bullish signal. Daily: Resistant:...
Price is above middle bollinger band and suggested an uptrend. Is't the bottom price have been reached? We will wait and see some fundamental aspect for oil and gas this week to ensure this forecasting will move according to plan for next few months. Weekly Resistant: 0.125 Weekly Support: 0.085 Pivot point: 0.1
Expecting some pullback on fibonacci retracement targetting 3.87 before the bear will come back in the game to break the lower BB. Expecting a drop targeting RM2.11.
The momentum and RSI are on overbought territory. Wish side do you choose? Retracement or Breakout? Feel free to comments.
Trending: Downtrend MAE and trend signalling a downtrend. Momentum bias still on the downside. Potential to move lower to fibonacci 0.68 retracement targetting RM0.965. If break lower, potentially move to price targetting RM0.85 to form a double bottom pattern.
Bias: Bullish . MEA bullish signal. With volume , next to potentially challenge further neckline at RM1.895 provided momentum sustained. Kindly take note that with the coming stimulus packages and corona @ peak the market will follow the current trendline. Daily support S: 1.760 R: 1.830