MACD and OBV indicators indicate a positive uptrend which confirmed the significant price movement where it crosses above the MA50 line.
Volume is above the MA20 line.
Precaution where RSI is now above 70 range hence indicate UCREST is now overbought.
And expect a price correction of about ~10% from the recent peak.
R 0.230
S 0.190
look from the chart . seem like it can reverse downtrend to uptrend if it can break 0.190 and no drop to 0.160 again. 0.200 is the place u can entry or increase your position and trailing stop at 0.185/0.180 . buy and hold until 0.235 can take profit or decrease position .
Support: 0.31
CUT LOST 0.28
Resistance: 0.34/0.37
UCrest Berhad is a leading provider of the most advanced Cloud Hospital and mobile health services. Currently, the Company has operation in Singapore, Malaysia, China (Shanghai, Beijing, Chengdu) with partners in Taiwan and Russia. The vision of the Company is that every home shall be a super clinic with wearable...
The Awesome Indicator showing signs of reversal with 2 bottom peak below zero line, swing low 1 and higher swing low 2. possible entry point is when the AO is crossing zero line. Some people will enter after 2 consecutive green line at the higher swing low 2.
Seems forming ascending triangle and cup and handle pattern. Looks like rebound on fibonacci 0.236 (0.355). Expected to complete the cup and handle pattern and breakout or break the triangle in 2 weeks term.
Bullish bias emerged above the Double bottom pattern with recent daily price closed with reversal at 61.8% retracement from the previous bullish movement. Resistance is seen at 0.44 and 0.60. On the flipside, a reversal below support at 0.28 could push the price lower.
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Good closing price event during red market, plus rebound in technology sector
Catalyst : Vaccine related
Resistance (R) : 0.37
Support (S) : 0.34
Entry Price (EP) : 0.355 With strong buy of 5 Market Depth (5MD)
Target Price (TP) : 0.38
Stop Loss (SL) : 0.325
