DrBukkabwoi

DrBukkabwoi Updated 

As expected Market took a bullish turn with a 1.161B, turnover after making a HH & HL formation.. this official makes the bourse structure in to bullish one. Do note that daily Bullish divergence has already activated. Next immediate resistance will be at 9155-9200 range.

DrBukkabwoi

After recent breakout bourse took a breather after getting rejected at golden pocket fib level. currently its nearing the support zone roughly at 9150 range.. expecting a bounce here while forming another HH and HL formation. Failure to that pullback could extend to 9030 levels. lets watch!

DrBukkabwoi

things are getting heated up in USD/LKR charts.. Spot prices bounced up from 0.5 fib levels as expected, while making a possible Dead cat bounce/bull trap following activation of weekly and daily bullish divergence. Spot prices may get resistance at 312-315 range. Its always good to tally your macro findings when checking USD/LKR charts. A simple announcement...

DrBukkabwoi

Its coming dowwwnnnn. Faster than we thought. Lets hope 280-285 fib zone will hold. But gut says 260 is highly likely. Lets go

DrBukkabwoi

once again we are at cross road.. ASI is adamant on testing the tight support zone once again.. Pluses + possible triple bullish divergence and breakout retest of RSI ASI in a falling wedge Strong demand zone at 8500-8550 levels long term daily trendline support Negs - Support being tested several times. SMA50 is curving towards SMA200. Next support being...

DrBukkabwoi

Market has been dull and showing bare minimum turnover for past couple of weeks. Indicating minimal interest of the investors. Usually happens when market bottoming out. Technically lower trendline is where money lies. Quick touch there should bounce it at the support zone 8550 ~ 8520 roughly, with a possibility of making a RSI divergence. Keep good eye on...

DrBukkabwoi

As a follow up to previous. Seems like trendline support finally lost it. (312) next initial support will be at 285. Subsequently 265-260 golden pocket levels. Do not ignore the bullish divergence being made at weekly and daily time formats. There will be a good trading oppertunity.

DrBukkabwoi

too much resistance at 9.6-9.2 range. Also 200dma overhanging However RSI has given an early signal.

DrBukkabwoi

ASI is showing strength! RSI trendline has broken. 8500 support will work in case of pull back. if not immediate resistance will 9150. Currently market is running on the support of 200dma. however its important to take position in cautions until we make a higher high, to break of the market structure, which is currently bearish. However RSI breakout will work...

DrBukkabwoi

ASI got a colossal 271 points drop today almost triggering circuit breakers today in bourse! This was the biggest single day drop ever since last year October 11th. As expected from losing rising wedge trendline support market was showing diminished strength even though most of the fundamentals are coming in to place. What to expect * I strongly believe market...

DrBukkabwoi

USDLKR chart shows more down trend possibility if 312 trendline support losses. MACD opens up further should find support roughly around 285 it it breaks.! **Do not this is not a investment advise, LKR-USD rate can vary due to multiple geopolitical reasons overnight**

DrBukkabwoi

Overall i feel BTC bear market has come to an end. However small pullback can be expected There is a Oder block at 32400 + 0.5 fib level (31875) will work as immediate resistance. IF cleared prices can jump up to GP (35740-36788) Next order block 46388 Keep and eye on RSI retest.

DrBukkabwoi

after the last update. bullish move went untill crude hit 200dma. Now we might see a slight pull back to rsi to get reset and further bullish course of action may be expected. Previously broken trendline will now work as support. and around 85 we might see a supply zone

DrBukkabwoi

looks like it might give a good trading opportunity. keep a good eye near demand zone. RSI has a probability to make a bullish divergence.

DrBukkabwoi

plantation boss.. clear breakout RSI with daily bullish divergence.. trendline has also broken up ward and retested.. Seems like a big move ahead!

DrBukkabwoi

seems like a bearish retest. i'd stay out and watch for gp range for a quick trade

DrBukkabwoi

seems line it has broken upward from a descending triangle. however keep a closer eye at rsi trendline as for a stop loss (18.6)

DrBukkabwoi Updated 

However the earnings technicals seems to hot for the counter.. breaking the trendline will be important for bulls. MA's are converged, RSI has broken out and retested.