WILL CRESCENDO CONT ITS MARK UP?This is a continuation from previous analysis of Crescendo (Refer Link Below)
As price Tightening Approaching the Creek, Supply seems to shrink.
All these occurs in the background of High /Huge Vol of Supply
PRobably this is An Absorption which is on going
(Hallmark of Absroption)
I am a bit concern with the Bar & its Vol on (Black Arrow) :
1/ 12 jun 24
2/ 28 Jun 24
- So far, demand still not showing interest overcoming these area
In view of that, i let the market to prove me wrong
Position initiated as attached
Pure Wycoff, Anything can happen
CRESNDO trade ideas
Decrescendo to a CrescendoCorporate Name : CRESCENDO CORPORATION BERHAD
Symbol & Code : CRESNDO (6718)
Board : MAIN
Shariah : Compliant
Sector : Property
Sub-Sector : Property
• Weekly: 20ma crosses 50ma, candles roam high above ma50, 20ma crosses 50ma
• Daily: long lower tail doji hovers over 20ma
• EP: 1.07-1.1
