COMFORT GLOVE Isn't its pattern Sexy?
According to my analysis, The weekly chart are showing that a Pattern that may be forming is an Inverted Head and Shoulder pattern. It is a reversal pattern. Its only valid once it cross the resistance on RM 0.890 accompanied by a large volume and the the Take Profit can be set on RM 1.00. Entry can be made after the confirmation and set RM 0.890 as the support so cut loss small only. If you enter now, the cut loss will be big due to the support is on RM 0.830....You can use the daily chart for searching when to entry. But, caution needs to be taken as the Stochastic RSI on the weekly chart is showing that it is in an Overbought condition.
Disclaimer: This is not a buy call, it is my opinion only. If you have any ideas that is different from mine please do leave a comment on it.
Disclaimer: This is not a buy call, it is my opinion only. If you have any ideas that is different from mine please do leave a comment on it.
Disclaimer
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.