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*Trend direction: UPTREND - Green background (Higher-High & Higher Low was observed)
*The price was hoover along our lifeline (Redlin), break-up and closed above it on 29-May.
*Bottom signal (Green-upward triangle 23-Mar, followed by Yellow-Diamond "BT" on 25-Mar) was sighted on our chart.
*Turning points (Purple-candle) have appeared on 27-Mar, 06/09/15/30-Apr, & 15-May, an indication of the price revert to upward direction.
*The accelerate signal (White-Diamond) was sighted on 16-Apr & 15-May, an indication of the strong buying momentum.
*A Yellow-candle + Alert Bell has appeared on 24-Apr & 18-May, an indication of potential price rally to take-off.
Prediction: The price broke up our lifeline (resistance) on 29-May and stand above the lifeline (Redline) region.
It is making a correction after it has made a new high RM0.37 on 20-May.
Once it breaks the immediate resistance R0.385 it will take-off to the next level.
*Otherwise, it will hover sideways of the range between 0.385-0.315 within a BOX pattern.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.0.41-0.44, R2=0.52-0.55 & R3=0.58-0.60
Support/Cut Loss: S1=0.31 & S2=0.27-0.25
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*Purple-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.