SPMD should rebound and target 0.655 after beating resistance

1-hour chart, the stock (Speed Medical, Egypt) is trading in a falling expanding wedge pattern, and is getting into technical indicator RSI buy area.

The Ichimoku chart signals a change to up-movement.

So, the higher probability is a rebound to the resistance line. After crossing up, the target will be 0.655

Dagangan aktif:

Exactly.. tested the resistance line. We need some more power to cross up.

Dagangan aktif:

The stock crossed the resistance line, then a re-test back should happen before going upwards to the target