The counter showed strong earning result last Monday. However, stock price moving downwards on following days. Last two trading days, price slowly moved up with rising volume as shown in first chart. Its director has been raising stakes on the company from open market at the same time as well.
Looking at second chart, price capped at soft resistance ~ 0.445. Shall buying interest continue, trader could aim for next resistance ~ 0.48. Support lever is ~ 0.4.
Friday, May 19, 2017
Sunday, May 14, 2017
Chart[46] - Declout
The counter released its latest financial results on last trading day. Both revenue and gross profit up 11% and 24% year on year. It registered net loss for the quarter because of administrative expenses incurred for recent joint venture. As show in first chart, it encountered strong buying volume on mid April. Company was buying back shares on that period as well.
As shown in second chart, price retreated to support with thin volume. Coming Monday will see market response to the result. Shall buying volume rises, price move ahead to first resistance ~ 0.18.
As shown in second chart, price retreated to support with thin volume. Coming Monday will see market response to the result. Shall buying volume rises, price move ahead to first resistance ~ 0.18.
Sunday, May 7, 2017
Chart[45] - iFast
The counter experienced surging buying volume upon release of latest quarter results on 28th April. Its outstanding operating profit (jump > 80% year on year) triggered a strong U turn from recent downfall of stock price. Last trading day saw its price retreat to 10 days moving average with slim volume. An entry point is presented for potential uptrend in forming. Immediate resistance is ~ 0.8
Monday, May 1, 2017
Chart[44] - G Invacom
The counter saw strong buying interest on last week. Price broke resistance ~ 0.163. On last trading day, price retreated with little volume. Looking into weekly chart, next resistance shall be 0.179. The uptrend could fail shall price falls back to 0.163 and below.
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