The Fibonacci chart states IQZAN price at the lowest price level. Hence, high probability the price will rebound from a lower level price. Will it be a divergence signal in today's trade? MACD and OBV do not yet show a divergence signal yet. Put in your WL and watch out for a divergence signal.
R 0.090
S 0.065
IQZAN kaunter penny PN17 yang ada rumors mengatakan kaunter ini akan 'join venture' dengan satu syarikat penghasilan sarung tangan getah.
Tak pasti sahih atau tidak. Can be monitor for 'buy on rumors and sell on news'
support area: 0.125 to 0.13
strong resistance: 0.15 to 0.155
TAYOR
English version
From my opinion(From this analysis of course not from HA hope analysis sigh) , bearish ABCD pattern appears on IQZAN's chart which stated the price has the potential to move towards the fibo level of 200% before doing the reversal price.
If anyone of you already hold this position, u may be considering to take profit by the fibo level...
My view for this counter.
Price already B/O sell base on the left side and become swap base for uptrend @TF H1. Inside this swap base hv one hidden base which inline with resistant R.
TP Max 0.495 - HIGH REWARDS
EP: When price enter hidden base 0.1-0.105
But be careful because price might retrace into FTR area. 0.06-0.075
SL is below this FTR level.
TAYOR
