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Strategy: Moving Average Strategy (MA)
Comment: Currently MA5 cross MA10, forming short term uptrend. In addition, the share price is currently standing above Bollinger Band Mid Band, which acts as MA 20.
Earlier, the share price has broken the downtrend line, which shows increasing momentum.
SWC believes if the share price is well supported above the moving averages, there should be a positive movement in near term.
Resistance: 0.450, 0.475
Support: 0.415
If you found this idea useful, please like and leave us your comment! :)
Strategy: Moving Average Strategy (MA)
Comment: Currently MA5 cross MA10, forming short term uptrend. In addition, the share price is currently standing above Bollinger Band Mid Band, which acts as MA 20.
Earlier, the share price has broken the downtrend line, which shows increasing momentum.
SWC believes if the share price is well supported above the moving averages, there should be a positive movement in near term.
Resistance: 0.450, 0.475
Support: 0.415
If you found this idea useful, please like and leave us your comment! :)
Trade closed: target reached
RM0.475 target reached within 4 days! Congrats everyone who followed and profited :)
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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.