RCE CAPITAL BHDLong
RCECAP; Re-accumulation.(wyckoff)
Price currently been trading in phase C with the confirmation of spring and retest with low volume.. this indicate that supply have been dry out..
With change of character (CHoCH) in phase B, gave me a Re-accumulation structure. and also indicate minor sign of strength.
Interestingly this resistance level 1.950-1.954) ;
Representing 52WH and ATL, if able to break .. potential creating a new ATH.
With STOCH indicator at oversold and %k has crossed %d this indicate a rebound might happens near future.
My collection area will be around 1.73-1.79. support 1.700 my SL.
(IDEA POSTED AS STUDY PURPOSES)
With change of character (CHoCH) in phase B, gave me a Re-accumulation structure. and also indicate minor sign of strength.
Interestingly this resistance level 1.950-1.954) ;
Representing 52WH and ATL, if able to break .. potential creating a new ATH.
With STOCH indicator at oversold and %k has crossed %d this indicate a rebound might happens near future.
My collection area will be around 1.73-1.79. support 1.700 my SL.
(IDEA POSTED AS STUDY PURPOSES)
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