Breakout : 52 Weeks New High Market Stage : Uptrend EMA : Price > Ema20 > Ema50 > Ema200 Breakout Volume : 7x times Trading Breakout Value : Rm23 juta
Weekly 22/2/2021 :
Breakout : 52 Weeks New High Market Stage : Uptrend EMA : Price > Ema20 > Ema50 > Ema200 Breakout Volume : 3.7x times Trading Breakout Value : Rm39 juta
SDS has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.31 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
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