The Beginning of Markup Stage – Banyan Tree (B58.SI)

Based on the daily chart, we saw lots of Sign of Weakness at the left hand-side of the chart with mark-down stage. Price immediately stopped and formed support level after 22 Jun 2018 with wide spread bar and high volume.

Smart money continues to test the supply with low volume and at the resistance level. Smart money accumulates the stock again at support level with high volume on end of October. Price broke above the resistance level with higher volume and currently formed a nice pullback trading opportunity.

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