BIMB starting to retrace but rebound at the support and being hold at the support at 1.96 during the big dip in KLSE. Will this 1.96 support strong enough to hold?
1) Trendline - Uptrend- (Bullish)
2) Formed higher high- (Bullish)
3) MACD -Formed 4G1R(Bearish).
4) RSI - Cut below 70% (Bearish) -
5) Sto - Cut below 80% and formed bearish crossover. (Bearish)
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -Dark Cloud (Bearish)
4Points
3 Points
Winner Bear ( Throw down wrestling style)
BIMB is currently retracing and if today with the good push up by the USA index, it might have a strong reversal. If today it went up it may be a starting of a higher low and will test the resistance at 2.09 again
BIMB is currently retracing and if today with the good push up by the USA index, it might have a strong reversal. If today it went up it may be a starting of a higher low and will test the resistance at 2.09 again
Resistance 2.09 and 2.29
Stop loss at 1.95
