Don't worry. It's normal. Already overbought for short term and better for jag to slowdown. The price still above ma 10 and ma 20. Just recently broke the downtrend. The green volume still high. The selling pressure are for weak holder only. The quarter report is coming next week and we expect the company to perform better. People will try to push this price slowly and get ready to spike the price next week. My first TP : 0.375 and the highest if possible 0.40
Hopefully can go green but I feel like it going to slowdown today (overbought stochastic RSI). Maybe red candle. This is jag pattern for this past 2 month. 1 green candlestick, 2 red. Basically those 2 red only low in volume to shake the weak holder. Support 0.310/0.295 . Resistance 0.34, 0.375.
Let we see together what happen today. Quicker they reach our TP is better. But I still feel the trader and investor trying to create the setup for upcoming QR report. Maybe after QR report this stock going to go to Moon.
touch 38 cents still cannot make money loo.. average price 9.5 cents x 4 = 38 cents minus brokerage still loss loo.. rumors it will cross 40 cents worth to wait small or cut lost...
In Bursa storm before the bright light always the case. I do think this time is no exceptional . If the drop is persistent I add more....lol. Nothing to lose...and wait for the surprise. In coming qtr result will be a profits making qrt as nothing is missing so far, unless the bosses want to pocket the profit only for themselves....lol.
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stevenckheng
1,351 posts
Posted by stevenckheng > 2021-02-15 16:55 | Report Abuse
hmm double top ?