The candlestick indicates an uptrend pattern due to significant price movement with volume above MA20 from the previous day and with the price closed above MA50 line. Where in the previous day there was a price correction due to short position from the traders.
MACD and OBV indicate a divergence signal hence confirming the price candlestick movement to an uptrend pattern.
Precaution in today trade where the high possibility of price correction between ~10% from the highest peak due to short position from the yesterday buyers with minimum volume. Before it continues the price momentum to the next price peak.
Let save IQGROUP in WL and watch out for price movement with volume.
R 1.220
S 1.055
MACD and OBV indicate a divergence signal hence confirming the price candlestick movement to an uptrend pattern.
Precaution in today trade where the high possibility of price correction between ~10% from the highest peak due to short position from the yesterday buyers with minimum volume. Before it continues the price momentum to the next price peak.
Let save IQGROUP in WL and watch out for price movement with volume.
R 1.220
S 1.055