Current Closed Price = 1.11
1st Down Target = 1.02
1st Up target = 1.21
Lets analyze chart.
- Share has potential to go more higher as Accu/Dist still going high.
- Price share seems quite strong, where 4 consecutive days saw a buyer pushed up and win against seller.
- Parabolic has shown stop and reverse the uptrend 4days ago and price hovering at the same place.
- ADX is still OK. But we could see that +DI is going towards level 20.
- MACD is touching and if price remain or drop tomorrow, then would cross. today also has created red histogram below 0.
- Wm%R & Stoch are going down and out from oversold area where selling pressure increasing but not so critical.
- RSI also decreasing with buyer pressure reduce.
- Momentum = green line below blue line, and quite big gap. should wait for atleast green get close to blue and cross before going high. that is when should start buy.
Must be cautious. Sometime with current market uncertainties, there are alot possibilities. If today seems Ok, doesn't mean tomorrow going to be. Probably the other way around. But for this share there is possibility to go up, but at the moment, should wait and see when is the right time to jump into the boat.
Good Luck and Happy trading.
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