Descending Triangle with Sideways ETA 16 Dec 2020The support and resistance level of Kossan are 12.32 and 17.1 respectively.
It is observed that the MACD line of KOSSAN is above the centreline indicating some degree of strength in the price movement.
Resistance 1 : 17.1 (4.46%)
Resistance 2 : 17.46
Support 1 : 12.32 (-24.58%)
Support 2 : 11.96
Descending Triangle prediction at 21 Aug 2020.
Possible bearish price movement towards the resistance 12.32 within the next 118 days (81 bars : ETA 16 Dec 2020).
KOSSAN trade ideas
KOSSAN Hourly Chart Analysis on 12 July 2020KOSSAN 1 Hour Chart:
7/12/2020
Support : 9.60, 10.90
Resistance :
Higher average volume than mid-end June
Momentum swung between positive(mostly)/neutral side since 29-Jun
Currently it is above support uptrend line 1 (similar with SPMX)
At least hold on support line 2 to maintain the current uptrend
The highest uptrend line could be potential target estimator.
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MYX:KOSSAN