NICORP Testing the new resistance

Broke from the pennant formation and going up and tested the resistance line at 0.73

1) MACD - Bullish Crossover ( Bullish)
2) RSI - Broke above 70% ( Bullish)
3) Sto - Broke above 80% ( BUllish)

If maintain above 0.73
Next resistance at 0.915 and target at 1.18 ( Pennant Formation)

NICORP (NAIM) - Many small fishes got caught

Heard some many people that many Uncles and Aunties got caught in this sure win counter.. Some rumors mention that this counter can go up to RM 1..

Those who did not go in at RM0.61 , our next safe entry which was mention yesterday was 0.73...

For those who bought at RM0.61, which places the stop loss lower about 0.58.. During the early stage, small investor took profit ( and why it is called take profit and not people selling down?)

Take Profit - Price Goes down along with decreasing volume
Selldown - Price Goes down with high volume..

Those who are risk takers normally will buy up this counter when the volume starts to become null/zero and buy probably around 0.64.. Then you noticed there was a surge up with high volume up to 0.715 then volume starts to decrease. Without enough volume to support the price it will eventually drop with the Candle Stick ( Three inside down)

Then you can see, this counter is going for a down trend with lower low and low high as it try to rebound but not able to break the previous high at 0.715, 0.705 , 0.69, 0.675, 0.665 and lastly it broke the support line at 0.64.

So my fellow readers, always be cautious when trading at Goreng / Chow stock..

NICORP (NAIM) - Only for those who dare during downtrend

This is only for daring investor who love to invest for thrill and big profit ( Goreng Goreng in Malaysia Language or Chow in Cantonese)., This counter was informed by the Chartnexus Forum at 12.30 whereby it mention that this counter in a buy at 0.61

1) Broke the pennant formation and bull upward with super volume ( Bullish)
2) Candle Stick - Bullish Engulfing ( Bullish)
3)RSI broke above 50% ( Bullish)
4) Sro Broke above 50% ( BUllish)

5) VOlume distribution - Huge Buying Pressure ( Bullish)


ENtry Price = 0.73
Take Profit = 0.915 , 1.18 and 1.24 (Pennant signal)
Stop loss = 0.67 ( Please be cautious about this stock at this is a GORENG STOCK)