N2N CONNECT BHDLong
N2N - Triangle Formation Breakout
Inverted hammer in late April marks the start of a triangle formation as prices continue to fluctuate. Connecting the lower highs and higher lows, we see a breakout but with no strong volume.
Good risk-reward by setting 50% Fibonacci retracement level as support. TargetingN2N to retest prior high in the near term for a quick 10% gain. The 85.5sen price level should be critical for further movements.
Total Turnover Moving Average (TTMA) now coincides with the 0.236 Fibonacci retracement level. With the recent market interest, trading volume approximates a turnover of all floating shares available in the market, raising 'market average prices' from 72sen to 77sen. For more information about TTMA, please refer to the openly published scripts.
Feel free to comment to discuss about the usefulness of this variable trend indictor.
Theme: Technology
Good risk-reward by setting 50% Fibonacci retracement level as support. Targeting
N2N to retest prior high in the near term for a quick 10% gain. The 85.5sen price level should be critical for further movements.Total Turnover Moving Average (TTMA) now coincides with the 0.236 Fibonacci retracement level. With the recent market interest, trading volume approximates a turnover of all floating shares available in the market, raising 'market average prices' from 72sen to 77sen. For more information about TTMA, please refer to the openly published scripts.
Feel free to comment to discuss about the usefulness of this variable trend indictor.
Theme: Technology
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