These 2 counters are very interesting. Their incline trending got stuck over the past few days.
Noble:-
Resistant at 1.115 and support at 1.08 base on incline. Divergence formed. Yesterday one long black candle stick. Traders selling, investor still holding on.
Wilmar:-
Resistant at 3.64 and support 3.53 base on incline. Divergence formed. Shooting star appeared. Traders took profit. However, investors were still holding on, therefore some traders went in and tried to push the price up.
These 2 counters are now at a tight range. Would it fall into box trending, break up or break down? Look out for the next few days candle stick/price movement.
Noble:-
Resistant at 1.115 and support at 1.08 base on incline. Divergence formed. Yesterday one long black candle stick. Traders selling, investor still holding on.
Wilmar:-
Resistant at 3.64 and support 3.53 base on incline. Divergence formed. Shooting star appeared. Traders took profit. However, investors were still holding on, therefore some traders went in and tried to push the price up.
These 2 counters are now at a tight range. Would it fall into box trending, break up or break down? Look out for the next few days candle stick/price movement.
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