Saturday, April 10, 2021

Technical Analysis Apr 2021: Jiutian Chemical (SGX: C8R)



JIUTIAN CHEMICAL GROUP LIMITED 

Observation from chart:- 

Jiutian Chemical (SGX: C8R) forming triangle pattern.

Will it retest triangle resistance level? 

Other indicator:- 
MACD moving toward positive region, uptrend sign. 
Stochastic %K trigger BUY call itinerary.

Immediate resistance @ triangle resistance level.
If able breakout, higher high is confirm. 

Immediate support @ triangle support level. 
Subsequent support @ $0.07 level. 

Let's watch closely Disclaimer

2 comments:

  1. sorry I do not know how to read chart, what is that mean forming triangle pattern, will the price going up? thanks

    ReplyDelete
  2. I am unable to read articles online very often, but I’m glad I did today. This is very well written and your points are well-expressed. Please, don’t ever stop writing. GHB

    ReplyDelete