Quess Corp Ltd | 75% returns | 6 year resistance broken

15 Ogo 2024

QUESS CORP LIMITED

Monthly time frame
Stock in uptrend since March 2023
Stock has broken out of the 6-year resistance trend line
Stock is following a rounded bottom pattern
Stock riding above 20- & 50-month moving averages
20MMA about to cross 50MMA
RSI > 60
MACD bullish crossover in place

Weekly time frame
Breakout and retest of the trend line resistance confirmed
Stock is following a rounded bottom pattern
Stock riding above 20-, 50- & 200-week moving averages
20WMA has just crossed 50WMA
Stock is approaching the golden crossover as well
RSI > 60
MACD signaling beginning of bullish momentum
Volumes are very encouraging for Jul and Aug 2024

Daily time frame
Stock possibly in the process of making a higher low
Stock is in the yellow channel of upward consolidation
Stock riding above 20-, 50- & 200-week moving averages
RSI > 50 which is still considered the bull zone

Conclusion
Entry: 680
Stop Loss: 630
Target 1: 850
Target 2: 1,000
Target 3: 1,200

30 Ogo 2024

Dagangan aktif

Trade is active

5 Sep 2024

Nota

Short term players can book (partially book) their profits as we have reached the 1st target of 850.