(Investors are advised to study the regional trend before enter.)
Tiger announced that the Private Placement has been completed following the listing of and quotation for 17.6 million new ordinary shares of RM0.20 each. Its share price added 1 cent to 0.16 in high volume, today.
Based on chart, its price has stage a breakout from its descending triangle and finished above the Middle Bollinger Band. Other indicators also printed in bullish pattern:
- D Line of MACD crossover its smooth line and returned to positive zone. The Histogram printed its first positive green bar after four negative red bars.
- RSI moved into neutral area.
- Both oscillators of Stochastic going to leave the oversold level.
- Oscillator of W%R cut its own Average decisively.
The entire scenarios justifies an upward movement is possible. Its upside resistance are 0.17, 0.18. Support is 0.15, 0.145. Stop loss should be applied when price fell below 0.145.
Analyzed and Written by Smartbiz (Chart extracted from ChartNexus. Click to view)
Tiger announced that the Private Placement has been completed following the listing of and quotation for 17.6 million new ordinary shares of RM0.20 each. Its share price added 1 cent to 0.16 in high volume, today. Based on chart, its price has stage a breakout from its descending triangle and finished above the Middle Bollinger Band. Other indicators also printed in bullish pattern:
- D Line of MACD crossover its smooth line and returned to positive zone. The Histogram printed its first positive green bar after four negative red bars.
- RSI moved into neutral area.
- Both oscillators of Stochastic going to leave the oversold level.
- Oscillator of W%R cut its own Average decisively.
The entire scenarios justifies an upward movement is possible. Its upside resistance are 0.17, 0.18. Support is 0.15, 0.145. Stop loss should be applied when price fell below 0.145.
Analyzed and Written by Smartbiz (Chart extracted from ChartNexus. Click to view)
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