CENSOF BREAKOUT 52 WEEKS NEW HIGH WITH HIGH VOLUME

Updated
DAILY 16/2/2021 :

Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price >Ema 5 > Ema20 > Ema50 > Ema200
Breakout Volume : 4.8x times
Trading Breakout Value : Rm15,024,055

WEEKLY 16/2/2021 :

Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price >Ema5 > Ema20 > Ema50 > Ema200
Breakout Volume : 3x times
Trading Breakout Value : Rm25,608,950

An important development took place on 16 February 2021 where the price of CENSOF broke the resistance of 0.28. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
Comment
CENSOF has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, there is a technical level at 0.29 which may support any short-term retracement.
Comment
CENSOF has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.305 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
Comment
CENSOF has tested the support of 0.305. It is important to monitor the price volume action near this 0.305 level to determine whether the rebound is sustainable.
52weeksnewhighbreakoutChart PatternsTechnical IndicatorsMYXTrend Analysis

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