The candlestick indicates a significant price movement where the price closed above the MA line backed by high volumes due to fresh buying interest on the stock.
The MACD indicates a divergence signal, hence, confirming the price movement to the next price resistance.
The RSI is in positive momentum due to emerged of buying interest on the stock.
Let's save...
XINHWA rebounded at main volume profile point of control @ 0.410 and break mini volume profile point of control @ 0.450 with extremely high volume
Be cautious @ 0.485 (price might be rejected at low volume node)
Potential buy on dip @ 0.450 (price retest mini volume profile point of control)
Potential target price @ 0.535 (fib extension 1.618 & previous...
XINHWA
Rst: 0.50
Spp: 0.41
The emergence of green candle today, deny yesterday weak candle & at the same time telling the stock breakout from descending trendline has affirmed.
Strong buying momentum monitored in this counter today.
Price able to sustain at RM0.46 and 26,000 lot of share traded at this price.
Price broke out medium-term resistance at RM0.45 which failed several time for last year.
Price may fluctuate for few days before strong rally.
Monitor for proper price pattern set up and entry point.
2 AB=CD was found on 5 Mar 2021 2.30 pm UTC+8.
1.618 AB=CD was found on 13 Apr 2021 9.00 am UTC+8.
XIN HWA most likely drop to RM0.450 due to RSI Overbought.
Downtrend dari tahun 2017. Tapi trendline menunjukkan trend price dah sampai kat runcing..
1. Possible naik sebab support 0.290 tak penah break lagi.
2. Performance 6 bulan +30%
3. ++Profit in Last Quarter Report (feb 2021)
-BO mid BB kita target upper bb kecik dan next taret upperline BB besar.
-indi menunjukkan good momentum
- dan berlaku pergerakan gdex dan natwide,harbour.adik beradik beliau.
#sekadarkajian#mgknbetulmgknsalah#contengang#adudududu
