PGLOBE - Analysis on price movementN wave with NT & N projection.
The current price is at MYR 0.315, which is just above the Kumo. The price recently tested the Senkou span B, finding support at this level. This positioning suggests a neutral to slightly bullish outlook, with the potential for a rebound if the price continues to stay above the Kumo.
The Kumo is bullish ahead, albeit thin, indicating that while there may be a slight upward momentum, it’s not strongly supported. The cloud's future projection is bullish, providing some room for the price to move upwards.
R1 - 0.33 (Senkou span B)
R2 - 0.340
R3 - 0.42 (52w high)
S1 - 0.305
S2 - 0.290 (Senkou span B)
Require a strong bullish move to break all the resistance levels to reach the target.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
