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Lao Beng Finance
:
thanks for putting some form of trust in my valuation and Technical Analysis. unfortunately I am outside now and can only do some simple form of technical Analysis. give me 5mins
Lao Beng Finance
:
there are 3 charts here. Fibonacci in mid channel meaning no clear signal based on Fibonacci daily chart. Bollinger band into squeeze and could be between 5 to 15 more candle sticks consolidation. weekly chart shows fat squeeze nearing bottom of Bollinger Band. meaning to say chances of going up is higher than down. with 48.X then 55.X as important breakthrough points. if need to give percentage 65% chance to go up. 35% chance to go down. :)
Lao Beng Finance
:
lastly just to add, daily MACD looks decent. weekly MACD flattening hence looks good. put aside valuation and fundamental analysis, I would rather buy up as there is a good chance it's "near bottom" in short term
Lao Beng Finance : thanks for putting some form of trust in my valuation and Technical Analysis. unfortunately I am outside now and can only do some simple form of technical Analysis. give me 5mins
Lao Beng Finance : there are 3 charts here. Fibonacci in mid channel meaning no clear signal based on Fibonacci daily chart. Bollinger band into squeeze and could be between 5 to 15 more candle sticks consolidation. weekly chart shows fat squeeze nearing bottom of Bollinger Band. meaning to say chances of going up is higher than down. with 48.X then 55.X as important breakthrough points. if need to give percentage 65% chance to go up. 35% chance to go down. :)
Lao Beng Finance : lastly just to add, daily MACD looks decent. weekly MACD flattening hence looks good. put aside valuation and fundamental analysis, I would rather buy up as there is a good chance it's "near bottom" in short term
boliZ OP : awesome analysis! thank you!
Lao Beng Finance : going well for u?
boliZ OP : Have not entered, still watching
boliZ OP Lao Beng Finance : enter at 47 today