KAB - Breakout 52 Weeks New HIgh With High Volume
Updated
DAILY 11/2/2021 :
Breakout : 52 Weeks New High
Market Stage : Permulaan Uptrend
EMA : Baru nak diverge. Price > Ema20 > Ema50 > Ema200
Breakout Volume :15 x Ganda
Nilai Dagangan Breakout : Rm10,885,980
Breakout : 52 Weeks New High
Market Stage : Permulaan Uptrend
EMA : Baru nak diverge. Price > Ema20 > Ema50 > Ema200
Breakout Volume :15 x Ganda
Nilai Dagangan Breakout : Rm10,885,980
Comment
KAB 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 1.05 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
KAB has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 1.22.
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