Since its IPO, the stock has been increasing steadily and moving within an uptrend channel. The price just penetrated above a upper flat trendline of ascending triangle and the trend is expected to continue to rise with some healthy pullbacks. EP: 3.2 Next R/ TP: • 3.315 of upper uptrend channel (coincides with 100% FE & ascending triangle target) • 3.67 (168%...
The price penetrated above a declining upper trendline of pennant pattern and closed above 200-day EMA, supported by volume higher than average. The bullishness is also supported by rising combined 20&50-day EMA as well as above kumo cloud. The momentum indicator is still rising and yet to reach overbought area. Based on the green kumo cloud, the future outlook...
1) Price has recovered since 21-Apr-20 from three significant events i.e. Jan-Mar 20 nosedive, the 20-year lowest price (USD16 in Dec 2001) and USD5.23 downside gap occurred on Mar 20. 2) The positive recovery has been preceded by a bullish divergence indication between the price and STO indicator. 3) A rebound off 38.2% retracement as a result of medium-term...
A bullish engulfing candlestick rebounded off 61.8% FR and 20-day EMA after a brief overbought correction. The price is expected to resume its upward movement as it is now above the rising combined 20,50&200-day EMA. The bullishness of the trend is supported by positive momentum in MACD. EP – 0.355 Next R/ TP: • 0.45 (coincides with 61.8% FE) – take half profit...
A bullish engulfing rebounded off 61.8% FR and Span B Kumo Cloud. The price is expected to resume its upward movement. EP - 5.08 Next R/ TP: • 5.21(coincides with 61.8% FE) • 5.33(coincides with 78.6% FE • 5.48 (coincides with 100% FE) Support: • 4.810 (61.8% retracement). Immediately cut loss below 4.805