This looks like a good spot for this to bounce , most likely should break this pennant after 1 rejection at 53 .
On the weekly the MACD is looking sweet and all 3 Moving averages are offering support at present on the 4hr with the daily having 50 &99 as support.
33.85 would be an ideal SL since its a tad below the uptrend line.
Apparently after their demerger they have increased their profit margins by 25-30% ,also should be back on track after the fire in April.
Lets see how this opens maybe 35 is where i put my bid,worth having a bag.
On the weekly the MACD is looking sweet and all 3 Moving averages are offering support at present on the 4hr with the daily having 50 &99 as support.
33.85 would be an ideal SL since its a tad below the uptrend line.
Apparently after their demerger they have increased their profit margins by 25-30% ,also should be back on track after the fire in April.
Lets see how this opens maybe 35 is where i put my bid,worth having a bag.
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.