Weekly – Strong uptrend still intact.
Daily – Recently form higher low, rebound at 20d MA. Bollinger Squeeze seems approaching. Stochastic bullish crossover. 4R1G appeared.
Plan: Wait for next retrace ! This stock tendency to retrace when break peak!!!
Wilmar (7.00 – 6.00 / 5.78)
Weekly - Uptrend, bearish. MACD crossover.
Daily – Broke 20d, 50d MA. If lower high appears, indicating downtrend. MACD signal is bearish. . MACD 4R1G rebounds from support ( Technical rebound ?) Momentum moving down to 0. Strong support at 6.00 and if breaks, secondary support at 5.78 confluence with 23.6% Fibo .
Plan: Wait for 6.00 level to enter 1st batch and if breaks, wait for 5.78 to re-enter.
Weekly - Uptrend but bearish. If breaks 20w MA, potentially sideways. Double formation can be threatening if happen! MACD sideways showing bearish divergence.
Daily - Rebounds at 0.385. 20d MA is heading south! If forming lower high will be confirming down trending.
Plan - HOLD unless breaks 0.38
Weekly - Uptrend, bearish. Attempted to break support once. (1.91) MACD bearish crossover! Supported by 20w MA. Momentum crossed 0.
Daily – Bearish. Broke 20d/50d MA, supported by 100d MA. 2.00 support confluence with 38.2% Fibo is strong. H&S supported at this level is formed!
Plan – Short if breaks 1.91 with volume!
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