A significant price movement with volume above MA20 from recent trade indicates a price breakout signal. MACD and OBV charts indicate a divergence signal hence a high probability at the beginning of the uptrend pattern. Using Bollinger Band (BB) chart, the price candlestick closed above the BB upper level. The price weekly timeframe indicates a positive uptrend pattern.
Will the price be able to continue the price rally-up momentum or have a price correction before continuing with the price momentum?
Using Volume Price Action (VPA), the price Point of Control (PoC) is RM 1.84 which is above the VWAP line. Therefore, high probability the price will be rally up on the next day trade.
Put WONG in your WL and watch out for significant price momentum with volume. To place a bid, use VWAP as a guideline and place a bid below the VWAP line.
R 2.030
S 1.770
Will the price be able to continue the price rally-up momentum or have a price correction before continuing with the price momentum?
Using Volume Price Action (VPA), the price Point of Control (PoC) is RM 1.84 which is above the VWAP line. Therefore, high probability the price will be rally up on the next day trade.
Put WONG in your WL and watch out for significant price momentum with volume. To place a bid, use VWAP as a guideline and place a bid below the VWAP line.
R 2.030
S 1.770