BIMAS - PENDING
Updated
BIMAS
In this analysis, I have used exponential moving averages, parabolic sar and RSI
- We are at the descending triangle zone for BIMAS, therefore we need a downtrend break confirmation for seeing higher prices.
- Parabolic sar didn't confirm any rise at the prices.
- We should be above 20 days ema.
- There is no breakout regarding RSI.
ADVISE : NO CONFIRMATION FOR BUYING THIS STOCK.
WAIT FOR MY NEXT PUBLISH.
In this analysis, I have used exponential moving averages, parabolic sar and RSI
- We are at the descending triangle zone for BIMAS, therefore we need a downtrend break confirmation for seeing higher prices.
- Parabolic sar didn't confirm any rise at the prices.
- We should be above 20 days ema.
- There is no breakout regarding RSI.
ADVISE : NO CONFIRMATION FOR BUYING THIS STOCK.
WAIT FOR MY NEXT PUBLISH.
Note
Between the prices of 61.0-62.0, BIMAS has been bought. In the short term, our expectation for BIMAS to increase to 67.0 - 68.0. Another 25% will be bought if this price is broken.Note
Support confirmed. CONTINUE TO HOLD %25Note
Downtrend break has been completed. We are on the rising wedge zone.Bingo!!
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