CUSCAPI - Breakout 52 Weeks New High With High Volume

DAILY 9/2/2021:

Breakout : 52 Weeks New High
Market Stage : Permulaan Trend
EMA : Baru nak diverge. Price > Ema20 > Ema50 > Ema200
Breakout Volume : 8x Ganda
Nilai Dagangan Breakout : Rm11 Juta


WEEKLY 8/2/2021:

Breakout : 52 Weeks New High
Market Stage : Permulaan Trend
EMA : Baru nak diverge. Price > Ema20 > Ema50 > Ema200
Breakout Volume : 4x Ganda
Nilai Dagangan Breakout : Rm21 Juta

Comment:

15/2/2021

CUSCAPI has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.175 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

Comment:

CUSCAPI has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.19 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.