The counter successfully formed triple top breakout at 0.39 on mid March. Price fell back to support ~ 0.39 last week. The retreat was done with low volume, so it might present entry chance for next rally. 0.45 could be next target price.
Thursday, March 29, 2018
Friday, March 16, 2018
Chart[80] - Mermaid Maritime
Buying interest could have be positioning on the counter for past two weeks. Price has been edging upwards as circled on first chart. On second chart, 0.165 serves as first resistance to clear, while 0.197 will be long term target. Shall price break down from 0.141, trend could look downwards instead.
Friday, March 9, 2018
Chart[79] - Raffles Medical
The counter has been edging upwards as highlighted on daily chart below. Price was hovering around 1.17 over past two weeks.
Looking into weekly chart below, 1.16 serve as resistance since last year August. Shall it be broken with convincing volume, next target could be ~1.2 follow by ~1.28. Current consolidation phase could come to end soon.
Looking into weekly chart below, 1.16 serve as resistance since last year August. Shall it be broken with convincing volume, next target could be ~1.2 follow by ~1.28. Current consolidation phase could come to end soon.
Friday, March 2, 2018
Chart[78] - CSE Global
The counter saw strong buying volume since it released latest earning results. From last year November, it has been trying to hit 0.39 twice. Recent surge just shy away from the resistance about 0.05. Next spike of buying volume could push it to break 0.39, which would form triple top breakout.
Zooming out to weekly chart as below, price could face next resistance ~ 0.4, followed by 0.445. Price has been consolidating from 0.33 to 0.39 for past 6 months. As long as price doesn't back down to 0.33 again, an upwards breakout looks possible.
Zooming out to weekly chart as below, price could face next resistance ~ 0.4, followed by 0.445. Price has been consolidating from 0.33 to 0.39 for past 6 months. As long as price doesn't back down to 0.33 again, an upwards breakout looks possible.
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