This analysis is using Fan principle & Fibonacci to conclude about the support The trend line has been penetrated 3 times, meaning there is confirmation of new trend from uptrend to downtrend. Using fibonacci we can measure the support is on 104 (0.618 line) Buy: 100-104 Sell: 110-120 Stop loss: 5% from buy price
If We see period from 5 june to today 6 july, there is a symmetrical triangle pattern formed and today's closing above the upper trend line of the symmetrical triangle. if the price is staying on this level, it's possible to reach next resistance on 6822. If we assess using AD Line indicator, we can see that the ADline is recording a new high which means more...
Still channeling up with level of support on 1590 and resistance on 1635 if today's closing price is under the open price, there is possibility for three black crows pattern to be confirmed. Next support level is on 1560. catalyst: Q2 report will be released this month (expected higher than last year and last quarter) notes: if we look the history price back...
Showing a small double top pattern with possibility break down to 8800 if the neckline is penetrated on 9025