Technical Analysis (Wave,Pattern,Indicators): [Berjaya-5196]
* = explanation
Falling Wedge - Bullish
1. Broken Falling Wedge - Waiting for retest on Demand Zone (*where investor wants to buy).
2. Potential correction (*when the price moves too high, there is less demand, which in turn will pull the price low as it does not worth much in the market. This is known as corrective rally/retracement/pullback/retest)
3. The 21 (*faster moving) ema (*exponential moving average) crossover above the 50 (slower) ema. It is called the golden crossover.It is a buying signal often used by Smart Money (market mover, banks, big hedge fund manager, investment banks, financial institution.) The crossover happen on the break of the Pattern - Falling Wedge, further hinting that momentum might be changing at the moment.
Falling Wedge - Bullish
1. Broken Falling Wedge - Waiting for retest on Demand Zone (*where investor wants to buy).
2. Potential correction (*when the price moves too high, there is less demand, which in turn will pull the price low as it does not worth much in the market. This is known as corrective rally/retracement/pullback/retest)
3. The 21 (*faster moving) ema (*exponential moving average) crossover above the 50 (slower) ema. It is called the golden crossover.It is a buying signal often used by Smart Money (market mover, banks, big hedge fund manager, investment banks, financial institution.) The crossover happen on the break of the Pattern - Falling Wedge, further hinting that momentum might be changing at the moment.