Analysis of the KRE chart

19 เม.ย. 2020

Here is my new idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advance.

the 1hr chart

On the RSI : 3 times tried to break the 57,27 level but seems like a strong resistance, and always went back to 54,10 ( strong support) level.

What signs show that we are in the uptrend:
- We have a Doji after a Bearish Engulfing.

- The 10 SMA crossed above the 20sma, pretty bullish and we are still over the 50EMA

- We still have a place to go upper to the 60,32 area of the RSI, where is another strong resistance.
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Let's see the things on the 4hrs chart:



The 4hr candle closed out of the uptrend channel and we below the 50EMA
The 10SMA crossed 20SMA below those are not good at all

so there is a strong possibility for a pullback
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LEt's see the story on the D chart

We had a dead/death cross(3rd of March), because the shorter-term 50MA crosses below the longer-term 200MA,



We are still below the 50EMA and the 200EMA
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Monday will be exciting, hopefully, a short rally up for the profit 1 and then the pullback, and it can turn back to go and reach the profit 2