SAPNRG - Sapura Energy - LONG We can see that the price finds a flag consolidation stage. Buyers and sellers are accumulating their positions in the anticipation of a break as the price forms a tight wedge. Also, as the price nears the highs of the range, there's an influx in volume of buyers initiating into the move. Will it send price into expansion? Can the...
Expecting a sharp correction of wave 4. General guide line EW rule of alternation, wave 2 complex, wave 4 simple. The rule of Alternation The rule of Alternation There is a general tendency for the pattern of the two corrective swings in a completed 5-wave sequence to alternate between a simple (very often an ABC) correction and one of the more complicated or...
Laburlah's Daily Complimentary (22-MAR, Thursday): SAPNRG Technical Analysis Breakdown 1. Trend: Fresh breakout, trying to sustain 2. RSI & Stochastic: Bullish 3. MACD: Bullish crossover 4. Resistance: 0.65 5. Buying interest: Growing Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own...
Laburlah's Daily Complimentary (16-MAR, Friday): SAPNRG Technical Analysis Breakdown 1. Trend: Bearish 2. RSI: Bullish reversal 3. Stochastic: Bullish reversal 4. Resistance 1: 0.555 5. Resistance 2: 0.655 Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.