SPRING ART HOLDINGS BERHADSingkat
SPRING ART HOLDINGS BERHAD (20-DECEMBER-2020)
The short-term trend has been on down-selling pressure since early December, nevertheless based on the green kumo cloud, the future trend still looks bullish.
Despite the price violated below 20-day EMA, it managed to close at 38.2% FR and briefly above the 50-day EMA.
A hammer Japanese candlestick indicates the price is rejecting to go lower and sends a signal of reversal pattern, coupled with the stochastic indicator is impending to crossover above the oversold area.
EP: 0.365 (penetrating above 20-day EMA and previous candle)
Next R/ TP:
• 0.375
• 0.385 (38.2% FE and ATH)
Support:
• 0.335
• 0.325 (50-day EMA and 50% FR)
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
Despite the price violated below 20-day EMA, it managed to close at 38.2% FR and briefly above the 50-day EMA.
A hammer Japanese candlestick indicates the price is rejecting to go lower and sends a signal of reversal pattern, coupled with the stochastic indicator is impending to crossover above the oversold area.
EP: 0.365 (penetrating above 20-day EMA and previous candle)
Next R/ TP:
• 0.375
• 0.385 (38.2% FE and ATH)
Support:
• 0.335
• 0.325 (50-day EMA and 50% FR)
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.