FIRST NATIONAL EQUITIES LTDPanjang
FNEL | WEEKLY SCALE | BREAKOUT ABOVE 7.0
After almost a year of consolidation within an accumulation box, FNEL has given a breakout and successfully reached its target.
Presently, it has encountered resistance at the horizontal zone of 7.0, which marked the first high of the current rally. It is expected to retrace, forming a higher low near the EMA or retesting the accumulation box.
There are two options for a fresh entry:
Buy on the breakout above 7.
Buy on the retest near the EMA.
Presently, it has encountered resistance at the horizontal zone of 7.0, which marked the first high of the current rally. It is expected to retrace, forming a higher low near the EMA or retesting the accumulation box.
There are two options for a fresh entry:
Buy on the breakout above 7.
Buy on the retest near the EMA.
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