OPCOM (BURSA WK43 2021)First uptrend finished, price rebound after cross down MA20 in 2 days with high volume.
Price closed above MA20 as confirmation day for entry trade.
Initial stop loss at 1.11 and target profit 1.755 with 2R which near to resistance line @1.795.
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Opcom
OPCOMIDEA FOR OPCOM.
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Best buying time for opcomAccording to short term analysis.
This speculative stock could climb for a new high with the industrial movement towards 5G's.
MACDX showing a high rate of the 'banker' going in, on the uptrend chart.
Goodluck !
#OPCOM #BursaMarket
OPCOM crucial support1) OPCOM cannot break 0.67
2) Monitor if able to rebound at the support level
3) so far, stay away from entry
End of triangle pattern1) Chart trend currently at the end of triangle pattern
2) Next candle or two will determine the direction of this chart trend.
3) EMA50 is just crossing the EMA200 and price is maintain above EMA20. Can consider this as a bullish signal
4) Average vol is promising and very interesting to monitor.
5) Can start EP after break triangle pattern. I think around 0.71 and above
OPCOM BULLISH( FLAG SPOTTED)EVEN PRICE BECOME BULLISH, STILL POSSIBILITY OF MAJOR RETRACEMENT IS THERE.
TRADE WISELY
OPCOM - Downside Momentum Yet To Fully DissipateLaburlah Technical Coverage (01-JUN, Friday):
OPCOM
Technical Analysis Breakdown
1. Trend: Seeking support
2. RSI: Early sign of reversal
3. MACD & Stochastic: Still bearish
4. Resistance level: 0.745
5. Support level: 0.645
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
