The price indicates a breakout pattern due to fresh buying interest backend by high volume.
MACD indicates a divergent signal backed by the price breakout.
RSI indexer is above 70 due to fresh buying interest on the stock.
Let's save EURO in WL and watch out significant price movement backed by volumes.
R 0.160
S 0.105
EURO stock's price currently seating near @ Long Term Parallel Channel (Cyan) Median Line ( Dashed Line ) possible forming a triple bottom near the long term demand zone.
Trendband cycle begin. Today close as Doji candle, so look at High and Low price. This doji above purple line, could it be a strong move? The best EP within purple box. Trading plan as shown at right-top.
EURO's ( Office Furniture manufacture) Stock Price may found its major bottom at around RM 0.440 by completing wave 4 (Yellow) and Triple Zig Zag wave w,x,y,x,z (green).... where there was also a 1) Major Demand Zone 2) Price was just at Lower Line of Parallel Up Trend Line (Cyan/Light Blue)..
EURO's (Office Furniture Manufacturer ) price possible ranging above RM0.60 and forming a triangle pattern for next few months before breaking above Rm5.760..
- Daily candle sudah bocor EMA200
- EMA 50 hampir bertemu EMA200 = menuju death cross?
- Management batalkan bonus issue selepas LD dua hari berturut
Not financial advice, TAYOR
Very nice chart pattern formed with a slightly-biased ascending triangle and VCP with -39.12%, -27.13%, -13.49% contractions.
Fibo support at 4.560 and resistance at 5.015. Strong banker presence at more than 75%.
Disclaimer: Trade at your own risk.
Entry Strategy:
1) Trading range in uptrend channel divergence
Chart:
1) Resistance base formed - see yellow arrow, more safe to entry there if possible retracement
2) Respectful towards channel - currently uptrend with divergence
From penny stock to bangsatwan stock - i am not studying this stock fundamentally, but technical wise looks promising to go -...
