{SWC}——TGUAN, Double Top or Potential Breakout?
Thank you for your continued support :)
Strategy: Bollinger Band Breakout
Bias: Bullish. TGUAN traded actively with average volume after the correction phase done at support 3.30 back in early December.
TGUAN challenged RM3.65 earlier. The profit taking activity brought TGUAN back to retest support at 3.30.
TGUAN recently challenged again recent high resistance. It closed at 3.66 above Bollinger Upper Band.
If TGUAN successfully made a neckline breakout, SWC believes it can achieve 4.00 based on the accumulation. Time needed.
3.88 will be another crucial resistance zone which to take note for.
S: 3.58, 3.50
R: 3.88, 4.00
If you find this idea helpful, dont hesitate to drop us a like and welcome to comment below! :)
Strategy: Bollinger Band Breakout
Bias: Bullish. TGUAN traded actively with average volume after the correction phase done at support 3.30 back in early December.
TGUAN challenged RM3.65 earlier. The profit taking activity brought TGUAN back to retest support at 3.30.
TGUAN recently challenged again recent high resistance. It closed at 3.66 above Bollinger Upper Band.
If TGUAN successfully made a neckline breakout, SWC believes it can achieve 4.00 based on the accumulation. Time needed.
3.88 will be another crucial resistance zone which to take note for.
S: 3.58, 3.50
R: 3.88, 4.00
If you find this idea helpful, dont hesitate to drop us a like and welcome to comment below! :)
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