The candlestick pattern indicates the price has rebound from the price support range. Where the price gains momentum towards the R1. Although there was a significant price movement the result in volume is lower than the average volume. Hence, indicate an accumulated phase pattern but suggests that the long-term uptrend remains intact.
The MACD is in a divergence signal, thus, conforming with the candlestick trendline.
Let's save CNERGEN in WL and watch out for significant price movement with the volume above the average volume.
R 0.965
S 0.865
The MACD is in a divergence signal, thus, conforming with the candlestick trendline.
Let's save CNERGEN in WL and watch out for significant price movement with the volume above the average volume.
R 0.965
S 0.865
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