Wave D retracement at fibo1.618 (0.255) and supported by 0.250 yearly pivot.
Probable EP could be at 0.255 to retest 4htf pivot and probable TP would be at fibo618 at 0.305.
CL could be at 0.240 just below 0.245 or below 52wl at 0.225.
*Study Counter*
CI - Market neutral
WM - Whale increasing
MM - changing direction from bearish to bullish
Pattern = Uptrend Channel ,
Double Bottom if past previous resistant,
possible retest and continue bullish run
Market sentiment became better so far.
Several penny stocks rebound stock strong uptrend momentum.
As old wise saying: make the trend your friend, not enemy. We still focus on stock with intact uptrend momentum.
As stock market swifting interests from dollar counter to penny counter, so do we.
ESAFE is one of the penny stock that recover fast from bearish August...
This stock with momentum is generated using a FIFO B signal with a build-up in trading volume and price.
This is not a buy or sell recommendation. It merely tells you which this stock is seeing higher potential to move uptrend with relatively strong momentum.
The share price may move up or down from this point. Note also that momentum generally only persists for...
ESAFE
Rst: 0.44
Spp: 0.395
Resurgence of strong candle above Fibo Ext 61.8% means the stock will continue to attract trading interest towards 100% zone or 0.44. Momentum is there to drive the push.
ESAFE is on the verge to Fibonacci level 2.618 at 0.37. Price movement above SMAs coincide recent bullish wage breakout strengthen our bullish view. On the flipside, price movement below key support at 0.20 will change our view to bearish.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
Esafe, tested the downside for a few times,
looks like the selling force is weak.
setting a low target for this first, 0.315, 0.355.
RiskReward ratio = 1
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
Disclaimer: This is not a buy call but for learning purpose
Technical analysis
Price around support area and above 20 MA
RSI & ZL-MACD above centerline
Trading idea (Support rebound)
Entry price: 0.280
Cut loss: 0.270
TP1: 0.310
TP2: 0.340
A movement was detected on Friday. Monitor for breakout above DTL.
Catalyst : Lifting of MCO allow more transportation and logistic to mobilize.
Note : 1st idea publish in TV
