Re-accumulation with CnH pattern. There are multiple TP target 1. PnF for accumulation 2. Fibo extension 3. CnH
Frankly I don't like the fundamentals of this company. But the chart looks pretty interesting with possible upside potential.
WASEONG Theme: O&G Rst: 0.92 Spp: 0.825 Doji candlestick, muted pressure from volatile global oil movement the past few days, and the latest move indicates the stock has secured good support at Fibo Ext 23.6%, likely to have further upside.
WASEONG - Bullish breakout from 1.33 and this level is being confirmed this morning as attempt to sell down is quick being absorbed. Coming resistance at 1.46 to 1.54
Breakout to bullish trend. Stop loss below the swing low. Tayor.
Wah Seong had triggered author's buy signal when the price hit @ 0.755 The information provided here is an author's general opinion only and neither purports nor intends to be, specific trading advice. The information should not be considered as an offer or enticement to buy, sell or trade. Always trade at your own risk.
Laburlah Technical Coverage (13-APR, Friday): WASEONG Technical Analysis Breakdown 1. Trend: Technical rebound 2. RSI & Stochastic: Reversing 3. Strong resistance: MA50 or 1.495 4. MACD: Close for bullish cross 5. Bollinger band: Pointing downward Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and...