UCREST closed near support level of 18.5c/19c on Friday after price fell without substantial volume and next soft resistances are seen at 20.5c and 23c as per Fibonacci Retracement levels and past candlesticks pattern. Next immediate support levels after 18.5c/19c are seen at 17c and 15.5c as per Fibonacci Retracement Levels and past candlesticks pattern. If break...
If pullback stops around RM0.135, a possible buy swing opportunity presents. Wait for price action to decide next step.
as indicate. If it breakout, enter and hold to hit 0.2 Up. Beware of false Breakout.
1st Analysis done on 18May.. Now sideway trend detected. Entry when touch buy zone again.
Entry Price : 14.5 sen Support: 13.5 sen Resistant1 : 16.5 sen Resistant2 : 19.5 sen
Wait for retracement at the 0.13 for buy.There are hidden base for price in lower timeframe.
Expect to have breakout tomorrow if inside bar formation today is maintained.
R1: 0.205 R2:0.230 UCREST is on quiet long supply zone. From the chart we can see it is still on an uptrend. I think based on the oscillator this counter will go higher in the mid term. Based on triangle pattern, I think it can surpasses higher resistance level @ 0.230 and 0.205 in the next day forward. As a safe trading strategy I suggest to buy only on pullback...
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May expect price go lower. Good support at 0.165 to buy.
Currently trading at RM 0.145 with below average volume. Assuming RM 0.130 is the base price for the past 5 months, short term momentum can push up to close the gap at RM 0.230. Target - RM 0.170, RM 0.230 and above Cut loss - Below RM 0.130 Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
Going retest low accumulate some momentum to break upside