HUMEIND shorten will be....The MACD line is crossing below the signal line, indicating a potential bearish crossover. The histogram is also starting to turn downwards, further supporting this bearish sentiment. The RSI is currently below 50, suggesting that the momentum is weak. This combination of signals suggests a potential downward trend in the short term. However, it's important to monitor the indicators closely and consider other factors before making any investment decisions.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
HUMEIND trade ideas
HUMEIND challenging previous resistancePrice now RM1.04
Trying to break previous high resistance.
What is different with previous high are, this time buying volume has increase, and momentum/macd is stronger than before.
Price action is also at the support of midterm Moving average line.
TP +10%
CL -4%
Risk reward ratio : 3
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
<TradeVSA> Is Hume having Pullback now?Strength in the chart:
1. Changes in trend
2. Breakout high volume above Up-thrust
3. 2 bars low volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock