PECCA - TA

Aktualisiert
1. Price candle break out MA 200 on 24 Aug '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 14 Aug '23 to 23 Aug '23 to shake out weak retailers. Next price candles break out MA 200 on 24 Aug '23.
3. GC (Golden Cross) MA 50 & MA 20 not yet happen, once happen this will give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 not yet aligned altogether, once happen this will give sign the price is ready for bullish.
5. Price candle currently try to BO strong resistance (1.07-1.10) on 5 Sept 2023 to 7 Sept 2023. PB may take place to setup a support area at 1.03 - 1.01. At this area GC may happen, once happen this the 1st EP.
6. EW analysis includes in this TA together with sub wave & main wave count. Based on EW analysis, price movement for this counter going to complete Sub wave V - Main wave 5 with target price 1.32- 2.14. This is the last wave before major correction happen.
Anmerkung
Price may PB to immediate support area now after BO strong resistance previously. the recent BO resistance will become support area. Next wait for GC to take place.
After that will have better view for good EP.
Anmerkung
If price candle able to BO and closed above 1.19, the upward momentum will continue.
Anmerkung
Price candle currently move upward to reach TP main wave 5. At this stage trade with cautious.
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