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Strategy: Price Volume Analysis
Bias: After sideways for weeks, breakout from box consolidation zone was observed this morning at RM0.27, with huge volume.
With huge volume breakout, momentum was generated and hit a high of 0.295.
If the momentum and volume sustain, SWC believe this stock will have a positive movement in near term.
Support: 0.280 (hourly chart), 0.270 (day chart)
Resistance: 0.295 (intraday high), 0.305, 0.320
If you found this idea is useful, don't hesitate to like and comment. :)
Strategy: Price Volume Analysis
Bias: After sideways for weeks, breakout from box consolidation zone was observed this morning at RM0.27, with huge volume.
With huge volume breakout, momentum was generated and hit a high of 0.295.
If the momentum and volume sustain, SWC believe this stock will have a positive movement in near term.
Support: 0.280 (hourly chart), 0.270 (day chart)
Resistance: 0.295 (intraday high), 0.305, 0.320
If you found this idea is useful, don't hesitate to like and comment. :)
Nota
Supported well RM0.270 accurately :)
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Declinazione di responsabilità
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.