KIALIM POSSIBLE BREAKOUT!Time Frame: 4H
Sentiment: Overbought
Forecast: Bullish
Last close at resistant level,
Bar price action and the volume, showing buyers' power increase.
if it can break the resistant level 0.56-0.57, expecting the next level reaching 0.8
I'm expecting this time will be a real breakout.
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
KIALIM trade ideas
KIALIM, can stay uptrend?>> need to stay intact with the uptrend Parallel Channel.
>> It need to break above the downtrending line (pink). Otherwise will head south.
>> Stochastic is OS ATM, watch out. OS may continue OS.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what definitely will happen ~ we can only RESPONSE to what we see!
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
KIALIM FORECASTBismillahirrahmanirrahim
KIALIM FORECAST
TREND EXPLAINATION
- Trend currently hit Fibonacci area 0.786 and rebounce. It shows the end of the Retracement of Downtrend
- In lower TF (H1) price now on retracement Mode on Mini Downtrend
ENTRY EXPLAINATION
- Currently no Bullish Heiken Ashi had been sighted. Awaiting the Bullish Heiken Ashi to appear as long as not close below 0.786
EXIT
- SL will be updated later
- TP will be updated later
Insert in Watchlist first
This is our trading plan. Inshaa ALLAH
industry stock fly need wait and set up UPTREND
BOD stock , last time resistant at 0.40
Analysis
1. Uptrend – PASS
2. Fast / slow Turtle Buy Signal appear - PASS
3. FiFT +ve – PASS ( with BOB )
4. Near significant support- PASS ( FIBO, DOUBLE BOTTOM SUPPORT, EMA 50)
5. Price Above EMA 50 - PASS
Best BoD setup. RM 0.44 , wait at there to buy near to support