PECCA - TA1. Price candle break out MA 200 on 24 Aug '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 14 Aug '23 to 23 Aug '23 to shake out weak retailers. Next price candles break out MA 200 on 24 Aug '23.
3. GC (Golden Cross) MA 50 & MA 20 not yet happen, once happen this will give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 not yet aligned altogether, once happen this will give sign the price is ready for bullish.
5. Price candle currently try to BO strong resistance (1.07-1.10) on 5 Sept 2023 to 7 Sept 2023. PB may take place to setup a support area at 1.03 - 1.01. At this area GC may happen, once happen this the 1st EP.
6. EW analysis includes in this TA together with sub wave & main wave count. Based on EW analysis, price movement for this counter going to complete Sub wave V - Main wave 5 with target price 1.32- 2.14. This is the last wave before major correction happen.
Pecca
PECCA - to breakout from ascending triangle?Currently testing resistance 1.65, would it able to break it ? RSI shows uptrend, with MACD signals a momentum.
EP 1.66
TP 1.77 (+7%), 1.88 (+13%), 1.95 (+17%), 2.04 (Triangle opening +22%)
SL 1.54 (-7%)
Speed: Fast with 22M shares float (12% of 188M shares)
Sentimen: Economic recovery
TAYOR
