The chart has broken the trend line after years of respecting it, and the price is above the EMA indicator, indicating that we are in a bullish trend. The chart has also broken a resistance zone, which has now become a support, and price movements have formed a cup and handle pattern, implying that we may see a trend reversal upwards in the coming months....
The chart is simple and self-explanatory. The stock has been following a trend since 2018. Even in times of pandemic, it refused to close below the trend line. Considering the fact, that the previous high will create a support to the price and also the price is in 0.382 Fibonacci support, there is a good chance to go long for a good reward to risk.
Happy Trading...
This chart is only for my educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary
HONG KONG, Jan 17, 2021 - (ACN Newswire) - HKC (Holdings) Limited ("HKC" or the "Company"; stock code: 190) and Genesis Ventures Limited ("Genesis Ventures" or the "Offeror") jointly announced that the Offeror requested the Board of the Company (the "Board") to put forward a proposal (the "Proposal") to the holders (the "Scheme Shareholders") of Scheme Shares for...
