Since it broke the final S-Trader Trend Tracker resistance level at RM0.2498 on 15 Feb, the price action failed to close successfully within or above the resistance zone formed by RC2-1 (RM0.2711) and RC2-2 (RM0.252) on several occasions.
During
1st half trading session today, the share price successfully penetrated into
the resistance zone with
closing price at RM0.26 before break-time with relatively very high volume traded.
If the price action remains strong at the end of trading day, there is a possibility it may attracts more activities to this counter
Daily chart. (Based on 21 Feb lunch break-time closing price)
Source :
1) Metastock
Note
:
1) "Power Within Metastock"
2) If you wish to check your favourite stock using S-Trader tools, please feel free to drop us an email via Contact Us.
Daily chart. (Based on 18 Feb lunch break-time closing price)
Source :
1) Metastock
Note
:
1) "Power Within Metastock"
2) If you wish to check your favourite stock using S-Trader tools, please feel free to drop us an email via Contact Us.
Daily chart.
Take note of clusters of support/resistance identified on the chart.
To move higher, the price needs to break above the cluster of resistance between RM0.235 and RM0.25 formed by S-Trader Trend Tracker and S-Trader S/R Curve with relatively above average volume or higher.
Is it capable to do so ?
But, if the cluster of support fails to hold the price action it may turns out bad for investors/traders.
Source :
1) Metastock
Note
:
1) "Power Within Metastock"
2) If you wish to check your favourite stock using S-Trader tools, please feel free to drop us an email via Contact Us.
3) S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Daily chart.
Based on S-Trader Trend Tracker, immediate resistance level lies at RM0.25.
Source :
1) Metastock
Note
:
1) "Power Within Metastock"
2) If you wish to check your favourite stock using S-Trader tools, please feel free to drop us an email via Contact Us.
3) S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
