PTT: DowntrendMajor Trend: Downtrend
Price pattern: Asymmetric Triangle
Candle Pattern: Bearish Engulfing
TNP BY FOCUSCandelstick, pricee pattern = is a uptrend
Trend, upward support = uptrend support 6.65, resistance 5.10
EMA = uptrend, price = ema 13
RSI = less than 70 (51)
MACD = very low
ADX = is a downtrend
DI-Convergent = down
Revenue = up
net income = up
profit margin = up
Technical = sell
summary Strategy = should not buy too dangerous
alert, RSI , Price Cross EMA13
Ride With TrendTrade setup with simple tools (Long Bias)
1. Support Trend Line
2. Any EMA
TP
1. Fibo level
2. Prev. Zone
Carabao Group PCLResistance at 123.50
Support at 109.50
Big momentum today after earnings report, I expect a small pullback in the days to come, which could serve as an entry point, before moving on up.
Gross margins sitting at 20% which is quite attractive.
