TP1: 19.11
TP2: 21.62
SL: 13.5
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Widening of the space between SMA20 and 40 followed by formation of 2 consecutive green Heikin Ashi bar may just indicate there are interests flowing in into this stock. Uptrend is likely for the next few trading days.
SMA 20 line is above SMA 40 which show that the stock is still uptrending.
Heikin Ashi first green bar after a week of many red bars.
This may indicate an inflow of fund, thus a reversal into uptrend.
once it breaks resistance at 16.59, it will fly high.
pls correct me or add further information if any.
cheers
Laburlah's Daily Complimentary (14-MAR, Wednesday) :
AJI
Technical Analysis Breakdown
1. Trend: Higher high formation
2. RSI & Stochastic: Bullish
3. Bollinger band: Bullish breakout
4. Resistance: 26.21
5. Opportunity: To fill up gap created on 25-Aug-2017
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant...
