Ramunia last candlestick has moved out of BB.
I believe it might have to move down, most indicators shown that it is too overbought already.
Perhaps, a good entry around 42 - 43 cts level (support levels), provided it doesn't break below the line that i drew.
Your W line in your chart reminds me of the Harmonic Pattern. If really its so, then its a bearish sign
ReplyDeleteLink:
http://www.harmonictrader.com/price_patternsbat.htm
Yep, it should be moving down. However there seems to be support at 0.42 level.
ReplyDeleteWhat would be your views, Max?
I have not came across Harmonic / the animals patterns that they have been posting recently.. :(
Well, harmonic patterns have been around for some time now and there used to be a guy who trades just with it. Lost contact with the guy though last I heard, he was working as some investment analyst in CIMB.
ReplyDeleteI see huge resistance there and while agree with you 0.42 seemed to have some support, it seemed more like a temporary one. Chart movement wise, perhaps it will move like MYEG chart. Do take a look at it and see if you think there is indeed some similarity or was I imagining things.
ha ha ok, will check out myeg and see what do i get from it. thanks :)
ReplyDelete