Yangzijiang: Spot on! this counter break the resistance at 1.26 and went to create its 52 weeks high at 1.35 as at today. Let's cruise together on this ship while its hot.
IndoAgri: After a bullish run last week, a bearish engulfing candlestick appear today. However, the strength of this bearish engulfing candlestick are still unconfirmed as the volume associated with it is low. 2.55 appear to be the immediate resistance rather than 2.62 as per my last post.
C2O Holding: Disappointing counter, after weeks of consolidation, it appear a breakout seems far now as a very bearish black candlestick engulfed the prior day candlestick yesterday. Volume drying out, MACD losing momentum and RSI indicate selling taking place, it is time to drop this counter should MACD confirm with a cross-over down the signal line.
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Yangzijiang
Yangzijiang remain firmly in my pick.Current: 1.24
- 3EMA remain above 15EMA
- RSI slanting towards over-brought with increasing OBV, suggesting demand to maintain the uptrend
- MACD remain bullish showing momentum increasing in both daily and weekly chart. From the weekly chart, a MACD bullish cross-over signal line is in the making
- Resistance at 1.26, while the support remain at the jinx 1.22 level
IndoAgri
IndoAgri break its resistance at 2.38 with ease, ending the week with a very bullish white candle.
Current: 2.51
- 3EMA remain firmly above 15EMA
- RSI slanting towards over-brought with increasing OBV, suggesting demand to maintain the uptrend
- MACD remain bullish showing momentum increasing in both daily and weekly chart. From the weekly chart, a MACD bullish cross-over signal line is in the making
- Resistance at 2.62, while the immediate support is at 2.32 level
C2O Holdings
C2O holdings
Current: 0.47
- 3EMA remain above 15EMA
- RSI slanting towards over-brought with increasing OBV, suggesting demand for the breakout
- MACD remain bullish showing momentum increasing in both daily and weekly chart. MACD just about to make the cross over signal line
- Resistance at 0.47, while the immediate support is at 0.425 level
C2O holdings
Current: 0.47
- 3EMA remain above 15EMA
- RSI slanting towards over-brought with increasing OBV, suggesting demand for the breakout
- MACD remain bullish showing momentum increasing in both daily and weekly chart. MACD just about to make the cross over signal line
- Resistance at 0.47, while the immediate support is at 0.425 level
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