Today, we explore the buying opportunity base on trendline support, weekly 20 EMA support, Fibonacci retracement and area of support base on price action.
Technical Analysis:
1) Uptrend
- As refer to the chart above, the uptrend is still intact. Previously, it broke the consolidation area at 2.18.
- 30 EMA above 50 EMA / 50 EMA above 100 EMA / 100 EMA above 200...
NON shariah company.Strong company.Latest quarter report increasing QOQ and YOY profit.Technically,already broke the pivot point on heavy volume.currently,retracing back.
BUY
- Best entry was at around 2.36 after it broke the base after the previous hike
- If it’s able to sustain around 2.6 – there is a possible entry to challenge the previous resistance
- Doji indicates uncertainty – give the stock a few days to find direction
SELL
- Nail down profits around ATH to protect the profits
RATIONALE
- An overall healthy...
Sign of Strength in the chart:
1. Re-accumulation
2. Double NS signal at support
3. High volume above 20/40ma
4. Volume increasing heading to resistance
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Based on the Indicators, Stoch-RSI is oversold , which give us a good signal of Reversal is possible and the Pullback is done. My opinion, it will go with the purple Line as it the most possible option now.
Worst case scenario, the Price will be making head and Should and go for a bigger Pullback following the Red Line.
Now we wait for Stoch-Rsi going up, above...
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
![MSC: MSC [30 December 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/e/embZzpwQ_mid.png "MSC [30 December 2020] Buy On Resistant Zone Break Out")
