The current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Not sure if anyone observe the movement of this KPPROP.
Price breakout from huge base 286d (with huge volume come in) and then experience pull back that formed a short base VCP.
0.645 will be the critical support. Risk is not high and let's see how the movement later. (Btw, earlier post ECOWLD has gained 15%)
- Valid transition area around 0.600 - 0.580. (May act as support area)
- Ranging area consolidation for around 4 months with low volume.
- Short term volume profile as support.
- Possible target around 0.780.
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
Price seem to be trading at the end of correction wave after failed effort selling climax spotted at 0.600 level.
Expecting price might making automatic rally towards 20day high at 0.930 level.
ACCUMULATION
price have completed shakeout in phaseC and follow by secondary test (ST).
today we have witness price and volume "breakout" and also broke the minor DTL.
price expecting will be trading in phaseD towards resistance.
Property sector shown movement recently and KPPROP has developed its VCP with setup below:
C1: ~25%
C2: ~7%
C3: ~3%
Recent price to volume interaction is good sign to indicate that it might fly to moon soon. Lets see!
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only...
Note.
- By using Trendband chart, its show a bullishness in price movement. Look for best entry and exit
- Suggestion TP-01 +5%, TP-02 +10%, SL -10%
- Intraday buyer - look for any pullback entry on Z-01
- 2-weekly buyer - look for any entry at Z-02
