Based on TA, this counter look like it is rebound but the main question is it a Technical Rebound or a Dead Cat Bounce ( Bear Trap)
1) Downtrend
2) Pattern - Descending Triangle Forming. If pattern formed by breaking below 2.47, it might hit the target at 1.68.. ( Wow that is the price of 2011!!)
3) MACD - Formed 3R1G ( not that strong indicator but please monitor)
4) RSI - Uturn towards 30%. Breaking it will formed a bullish run
5) Sto - Both are kissing and if tomorrow it goes up possible Bullish Crossover will be formed and might break the 20% ..
THIS IS A RISKY TRADE.. Please be Cautious
Entry Price - 2.65
Support at 2.55 and 2.47
Take Profit at 2.87 and 3.03
1) Downtrend
2) Pattern - Descending Triangle Forming. If pattern formed by breaking below 2.47, it might hit the target at 1.68.. ( Wow that is the price of 2011!!)
3) MACD - Formed 3R1G ( not that strong indicator but please monitor)
4) RSI - Uturn towards 30%. Breaking it will formed a bullish run
5) Sto - Both are kissing and if tomorrow it goes up possible Bullish Crossover will be formed and might break the 20% ..
THIS IS A RISKY TRADE.. Please be Cautious
Entry Price - 2.65
Support at 2.55 and 2.47
Take Profit at 2.87 and 3.03
warrant- cf expiry today, past 5 days averaging for warrant closure..so price can fly up free now.
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