Long
Time to Trade Kpower and keep for Long Term!
Why did I say so?
1) Kpower has been on a downtrend since early Jan 2021. At the current period, it has already been bearish for 3 months. The pattern shows a falling wedge and typically, a falling wedge may last up to 3 to 6 months. What does this indicate? A falling wedge in an uptrend is indicating a bullish sign soon.
2) MACD is slowly and may show bullish divergence soon.
3) RSI is definitely almost oversold. THE current RSI value is at 30%.
4) Last traded BUY volume is higher than the previous day's SELL volume.
5) Last traded candlestick has engulfed the previous day's candlestick. Hence, a bullish engulfment has been formed.
So, let's hope and pray that Kpower may rebound soon.!
1) Kpower has been on a downtrend since early Jan 2021. At the current period, it has already been bearish for 3 months. The pattern shows a falling wedge and typically, a falling wedge may last up to 3 to 6 months. What does this indicate? A falling wedge in an uptrend is indicating a bullish sign soon.
2) MACD is slowly and may show bullish divergence soon.
3) RSI is definitely almost oversold. THE current RSI value is at 30%.
4) Last traded BUY volume is higher than the previous day's SELL volume.
5) Last traded candlestick has engulfed the previous day's candlestick. Hence, a bullish engulfment has been formed.
So, let's hope and pray that Kpower may rebound soon.!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.