Analysis of GNFC : Multiple Entry Point & Momentum Confirmation

ที่อัปเดต:
The stock is fundamental strong and technically given multiple confirmation & entry point. The analysis given below :

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a) Falling Wedge: The price structure was in HL-LL and given a resistance breakout with volume.

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b) Inverse Head & Shoulder: After the breakout and making new high, price was consolidating in range with neckline acting as resistance.
c) Neckline resistance broken with surge volume, confirm the breakout.

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d) Retest Level: The price retrenched to neckline level and acted as support base. The inverse hammer was formed at retest level (giving sign for reversal).
e) Entry Level: The correct entry level was above high of wick in inverse hammer candle.
f) The stock got a momentum and confirmed with volume.

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g) RSI Divergence and Fib Support from golden ratio.

Thanks
บันทึกช่วยจำ
Watch out for trendline breakout !!

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Beyond Technical AnalysisChart PatternsTechnical Indicators

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