LOTUS KFM BERHADUpdated LOTUS KFM
My view for this counter.
Hidden divergence detected if using MACD. Price keep rising but MACD keep lower. Awaiting 3 drive formation as drive no 1 and no 2 completed which in line with sellers zone. Price in consolidation as it need to break inside bar formation either going up or down.
As long as price doesn't go to Flag zone, i am remain neutral on this counter.
TAYOR-Trade at your own risk
Hidden divergence detected if using MACD. Price keep rising but MACD keep lower. Awaiting 3 drive formation as drive no 1 and no 2 completed which in line with sellers zone. Price in consolidation as it need to break inside bar formation either going up or down.
As long as price doesn't go to Flag zone, i am remain neutral on this counter.
TAYOR-Trade at your own risk
Note
Price breakout Inside bar and shot up until sellers zone. 3 DRIVE formation confirm as price return back and close in inside bar. Expect price going further down
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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.