Last 2 quarters showed improvement of EPS and improved YOY.Price still in range movement.Wait a break above the horizontal line with high volume
13 2 22 reason -volume above average -change of character -divergence bull weekly -diamond alert
Based on OBV oscillator, SYMLIFE showing a Divergence where it is moving in the opposite direction. Despite MACD showing positive momentum and price still above MA20. If the body candle crosses over MA20. Then it confirm a Down Trend pattern. R 0.605 S 0.570
The chart shows an engulfing candle and mark of T0 with support of high volume. Will today the body candle cross up MA50? The probability of changes is high because MACD line is a cross-up signal line in the MACD chart. R 0.600 S 0.550
Symlife.... Best point to buy? SNR? Demand zone?
First of all this is not investment advice. Always trade with due diligence. From Elliot Wave perspective, Symlife in corrective mode (a)(b)(c). (a) wave just completed and there was a breakout of downtrend line on 28th April as confirmation. (b) wave is now started and expected to move to a minimum of 0.845. This count will be invalidated if price touch 0.670....
Daily 1. RSI test level 50 2. Fibo retracement 61.8 3. Stoch RSI oversold. 15M 1. Bullish Divergence
Broke out from Pennant! Volume and banker chips looking good! S: 0.745 Target based on length of flagpole: 0.86
Trade ideas for this counter. EP when price enter green zone. Happy Trading.. TAYOR
7ma above 21 ma, MACD in green, bankers chip increasing, VR is 2. Which show good momentum to continue further tomorrow. We'll see.
MYX:SYMLIFE Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
Entry point @ 0.695 Take profit @ 0.750 Stop limit @ 0.620
Entry point @ 0.655 Take profit @ 0.705 Stop limit @ 0.580
But there are opportunities to break 52 weeks high
Analisis Symlife - Kelihatan Symlife sedang membuat gelombang impulsif 12345 berbanding 3 gelombang korektif ABC kerana gelombang ketiga telah memecahkan Ascending Channel gelombang 1 dan 2. Ini adalah panduan secara umum sahaja, kerana gelombang C juga boleh menjadi kuat seperti gelombang ketiga kerana sifatnya yang terdiri daripada5 sub gelombang...
Expect price rebound from buying zone and target to upper trendline