Wellcal Holdings Bhd to Challenge ALL TIME HIGH?
A bullish continuation pattern can be seen as the price continuously making series of Higher Highs and Higher Lows.
For the past 2-3 months, price formed a pullback after the Break of Structure reaching RM 1.87 as the new 52 Weeks High.
There are three key things that are worth to be observed:
1. Price rebounded at MA 200 confluence with the Order Block zone.
2. In TF15m, price made Change of Character (ChoCh) at RM 1.59.
3. A bullish divergent pattern can be seen as price is making Higher Low and the Awesome Oscillator Lower Low suggesting that price will shift upward.
If price can sustain and close above RM 1.70 will strongly validate the ChoCh in the TF15m with a minimum target at the previous high RM 1.87 and a breakout above it, with the target at the All Time High level.
A break below RM 1.53 is a sign that price will further resume the bullish pullback whereas if broke below RM 1.43 indicates the ChoCh from bullish to bearish.
Disclaimer:
The information provided is for educational and informational purposes only and should not be construed as financial advice. Before making any investment decisions, individuals should conduct thorough research and consider their financial situation, risk tolerance, and investment objectives.
Investing in stocks involves significant risk and may not be suitable for all investors. The value of stocks can fluctuate and may result in partial or total loss of investment capital. Past performance is not indicative of future results.
Furthermore, the content provided does not constitute a solicitation or recommendation to buy, sell, or hold any particular security or investment strategy. Investors are encouraged to consult with a qualified financial advisor or investment professional before making any investment decisions.
All investments carry risks, including the risk of loss of principal. Investors should be aware of the potential for volatility, market fluctuations, and geopolitical events that may impact the value of their investments.
Investors are solely responsible for their investment decisions, and any reliance on the information provided is at their own risk. The author and publisher of this disclaimer disclaim any liability for any direct, indirect, incidental, or consequential damages arising out of or in connection with the use of the information provided herein.
For the past 2-3 months, price formed a pullback after the Break of Structure reaching RM 1.87 as the new 52 Weeks High.
There are three key things that are worth to be observed:
1. Price rebounded at MA 200 confluence with the Order Block zone.
2. In TF15m, price made Change of Character (ChoCh) at RM 1.59.
3. A bullish divergent pattern can be seen as price is making Higher Low and the Awesome Oscillator Lower Low suggesting that price will shift upward.
If price can sustain and close above RM 1.70 will strongly validate the ChoCh in the TF15m with a minimum target at the previous high RM 1.87 and a breakout above it, with the target at the All Time High level.
A break below RM 1.53 is a sign that price will further resume the bullish pullback whereas if broke below RM 1.43 indicates the ChoCh from bullish to bearish.
Disclaimer:
The information provided is for educational and informational purposes only and should not be construed as financial advice. Before making any investment decisions, individuals should conduct thorough research and consider their financial situation, risk tolerance, and investment objectives.
Investing in stocks involves significant risk and may not be suitable for all investors. The value of stocks can fluctuate and may result in partial or total loss of investment capital. Past performance is not indicative of future results.
Furthermore, the content provided does not constitute a solicitation or recommendation to buy, sell, or hold any particular security or investment strategy. Investors are encouraged to consult with a qualified financial advisor or investment professional before making any investment decisions.
All investments carry risks, including the risk of loss of principal. Investors should be aware of the potential for volatility, market fluctuations, and geopolitical events that may impact the value of their investments.
Investors are solely responsible for their investment decisions, and any reliance on the information provided is at their own risk. The author and publisher of this disclaimer disclaim any liability for any direct, indirect, incidental, or consequential damages arising out of or in connection with the use of the information provided herein.
