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Monthly Chart (Long-Term View)

The monthly, weekly, and daily charts all show bearish signals for the asset. The monthly uptrend line was broken and support is projected at RM1.00. The weekly trend also broke downward and moving averages indicate a sell signal. The daily chart shows an accelerating downtrend with oversold signals on RSI and bearish signals on CCI, suggesting potential short-term rebounds but longer-term downward momentum.

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Cna Tech
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150 views3 pages

Monthly Chart (Long-Term View)

The monthly, weekly, and daily charts all show bearish signals for the asset. The monthly uptrend line was broken and support is projected at RM1.00. The weekly trend also broke downward and moving averages indicate a sell signal. The daily chart shows an accelerating downtrend with oversold signals on RSI and bearish signals on CCI, suggesting potential short-term rebounds but longer-term downward momentum.

Uploaded by

Cna Tech
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

MONTHLY CHART (LONG-TERM VIEW)

- The uptrend line broken but the monthly candle not yet closed, confirming needed with close basis.
- The next support level is RM1.00 further down projection as the Fibonacci Retracement goes on.
WEEKLY CHART (MEDIUM-TERM VIEW)

- Weekly chart trend also broken but same as monthly chart close basis need to confirm the change of trend.
- Blue Moving Average crosses below the Red Moving Average is a typical sell signal.
- Price move below both Moving Averages is a bearish sign.
- MACD also showing negative momentum as the MACD line is below zero level.
DAILY CHART (SHORT-TERM VIEW)

- Downtrend line can be drawn on the chart, the downward move is accelerating as the 2nd downtrend line is steeper than previous one.
- RSI showing oversold signal while CCI showing bearish signal.
- When RSI recover above 30 level and CCI recover above -100 level is a rebound signal or buy signal.
- When RSI drop back to below 50 or 30 level and CCI drop below 0 or -100 level is a sell signal.

Disclaimer: Above information is not a buy or sell recommendation. Above is my personal point of view. Trade at own risk.

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