First of all, we start by doing analysis in monthly timeframe. As you can see the price consolidated for long time then the price recently broke the upper zone. At weekly timeframe, we see bullish engulfing candle close and break above trendline. It indicates that the bullish bias is still in contact. We can look for the entry at price level 1.65.
As we can see on daily chart, we can clear bullish bias when candle closed above 50 EMA. Head n Shoulder pattern also appeared at support. This is strong indicates that the downtrend is near end. We must wait for the retracement until price action confirmation such as bullish engulfing or pin bar in the support zone and around 61.8% level of fibonacci. Next TP at...
The price broke the resistance zone with large candle. Both 25 & 50 EMA also indicate the bullish bias. As usual, there is an exhaustion after push, so I target to BUY when the price retrace and show candlestick reversal pattern at lower timeframe.
As you can see at chart, the price had breakout the resistance at 0.295 and the latest candle also closed above 50 EMA which mean there is a bullish bias. As usual, we waiting for retracement and reversal candlestick pattern at lower timeframe before we can buy.
This company was doing great. As you can see from its financial statement, the company made profit 5 years consecutively. The daily resistance at 0.680 was broken by huge volume and now become support so I assume that the price will shoot up to next weekly resistance which is 0.785. Now the price was retracing so I will wait for reversal candle pattern at lower...
