Ajinomoto Malaysia Bhd (AJI) To BreakoutDaily Chart
Price consolidating in a triangle and recently has found support at the ascending channel
AJI trade ideas
Bullish BreakoutTP1: 19.11
TP2: 21.62
SL: 13.5
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Aji: Uptrend startedWidening of the space between SMA20 and 40 followed by formation of 2 consecutive green Heikin Ashi bar may just indicate there are interests flowing in into this stock. Uptrend is likely for the next few trading days.
Reversal into uptrend with a bullish signalSMA 20 line is above SMA 40 which show that the stock is still uptrending.
Heikin Ashi first green bar after a week of many red bars.
This may indicate an inflow of fund, thus a reversal into uptrend.
once it breaks resistance at 16.59, it will fly high.
pls correct me or add further information if any.
cheers
AJI - Riding Along With Blue Chips RallyLaburlah's Daily Complimentary (14-MAR, Wednesday) :
AJI
Technical Analysis Breakdown
1. Trend: Higher high formation
2. RSI & Stochastic: Bullish
3. Bollinger band: Bullish breakout
4. Resistance: 26.21
5. Opportunity: To fill up gap created on 25-Aug-2017
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
