COFORGE LTD
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SWING IDEA - COFORGE

ที่อัปเดต:
In the ever-evolving tapestry of stock markets, CoForge has emerged as a compelling prospect, hinting at the possibility of a promising rally. The technical landscape paints an intriguing picture, suggesting favorable conditions for a potential swing trade.

Reasons are listed below :
  • CoForge has undergone multiple tests within the 5800-5900 zone, breaking through and retesting this critical range. The current attempt to resume the upside move indicates a resilient upward momentum.
  • Notably, CoForge is supported by the 0.382 Fibonacci retracement level, adding a robust layer of support and fortifying the potential for an upward trajectory.
  • CoForge consistently forms higher highs, a testament to a sustained uptrend and indicative of positive market sentiment.
  • Trading above both the 50 and 200 exponential moving averages (EMA), CoForge maintains the integrity of its trend, providing confidence in the continuation of the upward movement.
  • The presence of a bullish marubozu on both daily and weekly timeframes adds a bullish tone to the technical outlook, further reinforcing the potential for a positive price action.


Target : 8404
Stoploss : weekly close below 5987

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@visionary.growth.insights
บันทึก
trend looks intact, we can add some quantity.
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