The candlestick indicates a divergence signal due to buying interest from the traders. Hence, making a significant price movement in the stock price and closing above the MA line. The MACD and RSI indicators indicate a divergence signal, thus, conforming to the candlestick trendline. Precaution for a price correction between 5% to 10% from the recent high peak...
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
momentum is not that good, but worth to monitor for day trade
Price forming head and shoulder pattern.. if price breaks below, the seller will be strong. However if the price testing and reject the buy zone with oversold stochastic, it will be good sign to entry.
INTRADAY ANALYSIS Bearish mood is ON, because they already break support zone at price 0.385. They will continue find the nearest strong support, at price 0.345. After that we can make decision from that, continue bearish or change to bullish mood. Analysis from Ghibli & Co. Hedge Fund Capital (Malaysia). Any inquiries about investment/analysis please contact...