My Prediction it will Drop around 0.786% Fibo retracement (0.155-0.165) to complete Gartley Pattern.
Possible Entry at point D and CL next Fibo 0.886% or 10% risk which is lowest.
#TAYOR MYX:ASIAPLY
Based on my analysis asiaply already break short/mid term dtl and price is side way between 21 - 22 sen. As many other traders mention divergence have been spotted recently. So its good to put little or in your WL stock. Support 21/20.5sen where as nearest resistant is 26.5. Good luck and happy trading.
Bullish divergence spotted on ASIAPLY chart.
RSI ribbon(Green) start to trending up.
RSI is making higher High while price is making lower low.
Trade At Your Own Risk.
This is NOT a BUY/SELL call.
ASIAPLY - Business turnaround, from loss to exceptional profits. It specializes in cast acrylics sheet manufacturing for various industries globally. Fundamentally promising
Symmetrical Triangle formation , with a longer term view of a rounded bottom forming.
Key EMAs squeeze , potentially breakout
Stochastic RSI Golden cross with Higher Lows
MCDX + Banker Strong...
Disclaimer: This is not a buy call but for learning purpose
Technical Analysis
Price above MA20
Volume is OK
Potential rebound at support line
RSI around 50
By looking at Fibo, the price nicely rebound at 0.618.
If ASIAPLY successfully able to cross up and exit Ichi cloud, ASIAPLY have the potential to go up.
Last QR result on 25-feb is excellent with QoQ +174% and YoY +602%.
1)PP at 0.415 to expand business
2)Operating at max capacity for production
3)Covid will be an endemic so demand for their product will be stable for awhile
4)bullish divergence with positive ADX cross over and a double bottom forming.
5) Owns a Biogas company will likely have a bullish future in the renewable world.
This will pop hard on the break of this...
