Keyasic rebounded upon touching 78.6% Fibonacci retracement level, backed by Bullish divergence seen on Momentum oscillator. The share could push higher as today's price has broken the recent down trendline. Resistance is seen at 0.175 and 0.210. On the flipside, a reversal below support at 0.115 could push the price lower.
Disclaimer: No trading strategy...
Sector - Technology (Semicon)
Market Structure - End of previous downtrend and turn to uptrend
- Jelas menunjukkan H, L, HH, HL
Weekly chart - Strong support at 0.140
Good for swing mid term
mungkin terus uptrend
1. masih dalam channel menaik
2. ada setup hidden divergence
3. extreme HH dan extreme LH masih dalam struktur
4. setup permulaan uptrend semakin mula terbentuk
5. elliott wave dalam wave 3... masih sub wave
6. momentum MACD semakin berubah
Resistance (R) : 0.19
Support (S) : 0.17
Entry Price (EP) : 0.185 With strong buy of 5 Market Depth (5MD)
Target Price (TP) : 0.2
Stop Loss (SL) : 0.155
to be save.. entry above 175 when good momentum, please set your trading plan,
penny stock agak risky ..
Last candle with bullish Morobuzu but with selling pressure..
- a long period of consolidation
- VCP pattern was identified albeit lack of one or two shorter waves - provided a clear entry
- the extremely long doji shows that profit taking was extremely aggressive - that should be a clear sign of the recent sell-downs
- highly manipulated - newbies should avoid such stock
- scalpers might be able to profit by using 15...
The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
Minor wave 3 in 3rd impulse major Elliot Wave
Strong Bullish Momentum volume unusual
Steepness of a trend line increases from 45% to 70% deg
Strong Break in bar retracement symmetry leading to a change in trend behavior
Bullish gap up price action
Chart don't need a complicated indicator, just train yrself a important skill with 6 thousand time instead of u learn 6 thousand of skill but you get nothing.
This little gem was found when below 9 sen, TA was breakout at the moment and FA is telling u this company have a brighter future , this company specializes design and manufacturing of IoT chips and system....
