Bull and Bear

[ GPACKET ] Hot Stock Of The Day 12-Feb-2018

Hot Stock Of The Day 
12-Feb-18 #HSOTD 
GPACKET
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GPACKET, THIRD top volume of the day
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lets see what we can read from the chart!
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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/919921751501026/?type=3&theater

 

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it has been rally from 0.25 (2017 Low ) to 0.59(2018 high)...
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Long Term view:
Bullish
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Mid Term View :
slightly bearish
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Short Term View:
Bearish
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Resistance to watch
0.53,0.57,0.60 , 0.64
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Support to watch 
0.45, 0.41, 0.39
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indicator
Moving Average : mixed to bullish
MACD : Bearish 
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0.41-0.45 is a good demand zone..
Overall Trend are slightly bearish ..... with today's volume, the selling pressure are slightly higher.... expect it will test support before trend higher.. traders may consider to accumulate at 0.41 - 0.45 zone... SL if price failed to stay above 0.39
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We are Slightly bearish on this counter..as today's price action are quite bearish....... need some bullish momentum to shows the reversal..
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Disclaimer :

Please be informed that our stocks pick are solely for education purpose ; it is neither a trading advice nor an invitation to trade.

For trading advice, please speak to your remisier or dealer representative.

you are responsible for your own risk management
Do Your Own Due Diligence 
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May the trend be with you!
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Trade Safe!

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