kairul84

kairul84

base on flag continuation pattern , i think there will be more space the price could go down around 58k .

kairul84 Updated 

Based on the technical analysis provided, it appears that FM stock is in a potential pre mark-up phase with strong buying interest and a potential breakout accumulation. The stock is likely to test the Fibonacci 1.618 resistance level, and its trading objective is primarily focused on dividend sentiment. While the stock is still in wave 2-3, there is potential for...

kairul84

Accumulation always happen in the patterns, the more clear accumulation can be seen in the continuation pattern .

kairul84

Volume Ratio indicator ( VR value 9 ) almost 10 indicate the new trend is confrim base on VR value range 1-3 = initial phase ( breakout buying interest ) 4-6 = medium phase ( breakout buying and selling pressure has start for same day ) 7-10 = final phase ( breakout buying and selling pressure momentum projection in a new trend )

kairul84

DATAPRP* - PRICE ANALYSIS : 1Day Chart ( Swing ) a) Chart Pattern = 1st Degree of Major Reversal Pattern of Cup Developing support for Saucer. b) Maximum Reversal point Fib 0.618 critical area at Saucer tip line. c) Currently Sideway at strong support 0.980 and Red line (TRL) 1.185 d) Requirement to Breakout from MA50 and Red Line need very high buying pressure (...