Long
SHORT TERM TRADE - REACH - BUY ON BREAKOUT
REACH has been rallying for the past few days and has reached critical junction Resistance 1 (R1) with a Doji, while RSI is in the early bullish region >50%. If price break above R1, there is potential to reach R2 with sustained momentum. take regular profits, preferably at 50% and 78% from target.
If price failed to break R1, possible it will test S1 and potentially forming descending triangle chart pattern. If S1 failed to hold, next support will be S2.
If price failed to break R1, possible it will test S1 and potentially forming descending triangle chart pattern. If S1 failed to hold, next support will be S2.
KAMARUL NIZAM
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KAMARUL NIZAM
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Whatsapp Trainer Kamarul wa.me/60195262785
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fb.com/teropongbursa - banyak perkongsian yang menarik!
youtube.com/teropongbursa - belajar teknikal analysis dan review saham
teropongbursa.my/blog
Whatsapp Trainer Kamarul wa.me/60195262785
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.