sunshine96

Johan

Stage 1 cycle- Accumulation. Rectangle trading with upper line as resistance at $0.185 & lower line as support at $0.145. The break away gap today may indicate the price reversal but still in stage 1. May find a new support at 0.17 and strong support at 0.145. Need to break through 0.185 in order to test 0.205/0.21

FYI sunshine, I notice that last time you did mention about Pasukgb as well. Are you in these two counters ? They are both penny stocks and in stage 1 stocks

Inwest88,

That's quick !! congrats !

spec9888

Amedia

Stage 1 cycle- Accumulation. Rectangle trading with upper line as resistance at $0.1 & lower line as support at $0.08. Selling pressure is high this few days and may test further support at $0.075/$0.07.

For stage 1 cycle we short term traders normally would not participate but some may want to bottom fish at this level if they have the holding power to wait through the consolidation. If you are bottom fish remember to set the Stop Loss at $0.07

tsy88

Q: Can it hit its all time high of 5.98 and exceed 6.00 pyhsological barrier?

A: Hahahaha. I am not sure whether it can hit its all time high. But the volume is healthy with there is no divergence. so most likely yes ?

SAB

Stage 2- Very bullish. Formed 3 White Soldier in last 3 trading day which indicate very bullish as well. It is forming a possible rounding bottom pattern if a break above $5.98 with volume signal breakout and into uncharted territory with an estimated target of $ 6.8 (not sure whether is correct, correct me if am wrong. Any weakness should find immediate support at $5.3, strong support at 5.05. Rmb to set your trailing stop loss to protect your profits just in case there is a big pullback.

Sunshine 96

Pasukgb

Stage 1- Accumulation. We would want to avoid stocks like this. Rectangle trading with upper line as resistance at $0.19 & lower line as support at $0.15. Need to breakout at 0.19 with volume to test 0.22/0.24.

Lottolearn

DBHD

Stage 2- Mark Up cycle which is very bullish. Now forming what looks like a Ascending Triangle with reaction high at 1.79, a break above this level with volume will take it to its previous high at 2.05. Any weakness should find immediate support at 1.58 and strong support at 1.46.

Farue

Karyon

Yes, the uptrend is still intact. Need to breakout at $0.42 to re test the previous high at $0.48 and beyond with next resistance at $0.455. However, On 18/6, it try to breakout at $0.42 but failed. And the next day, it followed by a Dark Cloud Candlestick Pattern (not an ideal one) which indicate the price reversal. Support 1 at $0.39 looked frail. The price may further drop till support 2 at $0.36/$0.37. A break below 0.35 with volume signal Trend Reversal (stage 4- Mark down). Cut loss if 0.35 is violated. In TCB, we do not recommend to average down. Feel free to read the SONA thread written by Profitman.

aikwais

CMSB

Stage 2- Mark up stage which is very bullish. May found a temporary support at $10.46. If $10.46 hold, it is expected to re test the previous high of $11.46 and beyond with next resistance $10.84. If $10.46 do not hold, the price will test support 1 at $10.10. May want to set the Stop Loss level at $10.

Skpetro

I did read the chart on Jun 11, 2014

Stage 3- distribution. It is just violate the long term up trend few more weeks ago. The support is very strong at 3.97. On 10/6 and 11/6, the price is open higher than previous closing price indicate price reversal. Price will further test 4.20 and test 4.27. Need to break 4.35 to be trend reversal.


On Jun 20 at 11.30 am

Stage 2- Accumulation which is very bullish. The price has already break 4.35 and the trend is reverse to upward trend. It breakout the strong resistance at 4.4 with volume. If the 4.4 hold (need to see the closing price today), it is expected to re test the previous high of 4.8 and beyond with next resistance at 4.56. Congratulation, you are on a winner, but do remember to set a Trailing Stop to protect your profits in case there is a big pullback.

dextronium

FITTERS

Stage 2- Accumulation which is still very bullish. Now it is going through some consolidation with healthy volume. May found a new bottom at 0.955. A break above 1.05 with volume, it is expected to test its previous high 1.13.and the resistance 1 at 1.09. Support 1 is 0.985 and strong support at 0.955. Cut loss if 0.955 is violated

sunshine96

BIG

Stage 3 - Distribution stage. Need to stay above 0.865 to trend reversal. It is expected to trade between 0.74 and 0.865. Scale in more if break 0.865. Support 1 is 0.74. Cut loss if the strong support 0.67 is broken.

CautiousTrader

AEON

From 05/05 to 08/05, 3 days continuous gap up which indicate a very bullish trend. However, on 05/06 it filled the breakaway gap and forming a new base at 3.65/3.67. It is now trading sideways on a narrow range between 3.65 and 3.75. A break below 3.65, will see its price trend lower towards to strong support at 3.58. Need to breakout 3.75 to test 3.84/3.9 with volume.

Cherry Tomato

UEMS

Stage 4 - Markdown stage. Very bearish. May found a new bottom at 2.02. Need to stay above 2.42 to confirm the trend change. Resistance 1 is 2.14 and resistance 2 is 2.2.
We always avoid stage 4 at all cost. If you are thinking of bottom fishing, you may want to set your stop loss at 2

wt222

Gpharos

Very bullish. A breakaway gap occur on 13/06. and now is enter into uncharted territory. Congrats if you are in the this share. Remember to set Trailing Stop :) On 13/06, formed a Shooting Star(the price reversal signal), however, need to wait for tomorrow confirmation. support 1 is 0.88 and support 2 is 0.81.

newbie

BJCORP

Read by Matrixcool on 6 May

BJCorp—Very bearish, stage 4 of the cycle maybe over at the new bottom of $0.49. It is expected to start stage 1 of a new cycle if $0.49 holds. Expect rectangle trading between $0.40 to $0.565 with immediate resistance at $0.52/$0.54. If you are thinking of bottom fishing do set an exit point be low $0.49 (That means stage 4 cycle is not over if $0.49 is violated.)

Read by Matrixcool on 11/06

BJCorp --The scenario remains the same that is very bearish except $0.49 is violated and found a new low of $0.455 and yet to be tested.Can you tell me are you trying to bottom fishing? As I always say we will avoid stage 4 counter at all cost.

After reading on 12/06

The white bull candle with volume break through 0.495 and test 0.505. Expect rectangle trading between $0.40 to $0.565 with immediate resistance at $0.52/$0.54. If you are thinking of bottom fishing do set an exit point be low $0.49 (That means stage 4 cycle is not over if $0.49 is violated.) There are too many overhang to clear. Need to absorb new buyers to stay above 0.54.

Pathew

Inari

Stage 2- Accumulation. It is still on the uptrend. It has been consolidating for two weeks. Yup agree with you, it has formed a base on 2.75. Need to break through 2.91 to enter the uncharted territory. everything looks rosy :)

11/06/2014

Every week TCB will pick a few stocks we may like to trade short term and put in *Stock In Focus*, please do not take this as a buy signal as our TA reading for those stocks are for sharing purpose only.

STOCK IN FOCUS(Short Term Trade)

Sernkou- Breakout from the Rounding Bottom on 11/6 with increased volume at 0.33 which entered a uncharted territory. Gap up today could be breakaway gap which indicate very bullish in nature.
Target Price is 0.4/0.44. Any weakness due to the overbought should find immediate support at 0.33. and very strong support at 0.315. Stop loss if 0.295 is violated with volume.

Happy trading and Good night.

novice8,

Huayang

Stage 3- distribution. The gap up on 22/05 open high but closed low due to too many overhangs to clear but may find immediate support of 1.87. The volume lately is healthy. If breakout with volume at 1.99 may test resistance 1- 2.03.

Pathew

Mmode

Yup, It is not only filled up the previous gap down and also formed a cup and handle pattern. Which indicate very bullish trend. Agree with trying to form a new base at 0.70. Immediate resistance is 0.73 and will test 0.765. TP 1 is 0.785. Immediate resistance is 0.68 and resistance 2 is 0.66

Jonnycash

Skpetro

Sorry guys, I made some mistake. The gap up I mention is not gap up.

The meaning of gap is a break between prices on a chart that occurs when the price of a stock makes a sharp move up or down with no trading occurring in between.

On 10/6 and 11/6, the price is just open higher than previous closing price.

Jonnycash

Skpetro

Stage 3- distribution. It is just violate the long term up trend few more weeks ago. The support is very strong at 3.97. On 10/6, the price gap up and indicate the price reversal. on 11/06 which is today, the price gap up again which confirmed the price reversal. Price is will further test 4.20 and test 4.27. Need to break 4.35 to be trend reversal.

Davidlim07

Ideal

It is not a double bottom pattern. No double bottom pattern is valid until the stock moves through the reaction high which is 0.355. The volume should increase as the stock moves toward the first and second bottom which the volume now is more like consolidating due to indecision of buyers and sellers The price is expect to further consolidate btw 0.265 and 0.285. The major support is 0.265.

NCH 218

Prestar

Stage 3- Distribution. It actually violated the upward channel. Support at 0.56 looks very frail. Immediate support is 0.54. If 0.53 cannot hold, it is going to become stage 4-Markdown. Immediate resistance 1 is 0.575 and 0.59.

L&G-LA

It is actually violated the uptrend channel. It is a bad sign that the price has broken 0.42 on 27/05. The price will further consolidate from 0.4 to 0.42. Support 1 is 0.395 and support 2 is 0.385. However, there is a RSI bullish divergence on 05/06. I believe someone is accumulating the shares :)

Senyi 88- PJD-WC

I read PJDEC-wc on Jun 4,

It actually has two cup and handle pattern. One is from 24/02 to 15/5. Another one is from 25/02 to 14/4. However, the price failed to stay above the two cup and handle pattern. It broke the 0.745 support line and further test 0.7. Support line 2 is 0.675. According to the 2013 and 2014 RSI record, the price will rebound when the RSI below 30. I am not sure whether the history will repeat again ( During 2011, 2012 and 2013, the price actually consolidate when the RSI below 30).

After Reading on 8

I failed to recognize there are two fallen window on 27/05 and 28/05. Which means bearish trend should continue and it also violate the uptrend line. The price is expected to consolidate btw 0.70 and 0.735. Immediate support is 0.675 if 0.7 cant hold.

CK- KLCI

I did read KLCI on 29/5

It has been a long debate whether the valuation of KLCI is cheap or expensive. To be frank, we dont know how high it will go and how low it will go too. It looked like a cup and handle pattern to me. Resistance 1 is 1877 and resistance 2 is 1889. Need to break 1889 instead to go higher. The support 1 is 1863 and support 2 is 1839. The RSI is normal now. There is no overbought or oversold. So I expect it will break through 1889 sooner or later. ( Just assumption )

After reading on 08/06

The assumption I made on 29/5 was wrong. Looks like resistance 1882 is very hard to break. On 30/5, it formed grave stone doji which mean the uptrend has ended. The price gap down the next day on 02/06. The recent price correction has violated the uptrend channel. Support at 1863 looks very frail. Immediate support will be at 1854. The resistance 1 would be 1875. It does not look like head and shoulder pattern to me :)

Senyi88,

PJDEV-WC

It actually has two cup and handle pattern. One is from 24/02 to 15/5. Another one is from 25/02 to 14/4. However, the price failed to stay above the two cup and handle pattern. It broke the 0.745 support line and further test 0.7. Support line 2 is 0.675. According to the 2013 and 2014 RSI record, the price will rebound when the RSI below 30. I am not sure whether the history will repeat again ( During 2011, 2012 and 2013, the price actually consolidate when the RSI below 30).

Lz Lee Weiping

Mahsing

Yes it is a double bottom from 29/08/2013 to 27/01/2014. However it failed to stay above 2.32. From 27/1/04 to 7/04/14, it formed a cup and handle pattern.It broke through 2.22 and test 2.32 again.
I believe the it wil consolidate btw 2.23 to 2.27. Resistance 1 is 2.32 and resistance 2 is 2.37. The support line is 2.22/2.23 .

Sapind

From 10/4 to 26/05, it formed a small U shape. And the price broke through 1.68 and test 1.8. Yup, today 04/06 formed a bearish harami. The appearance of a harami is an indication that the market may be losing momentum and should need to be more caution. Need to wait for tomorow candle to confirm whehter is consolidate or downward reversal. The support 1 is 1.68 and support 2 is 1.64.


Btw, you are very good in candlestick and pattern. feel free to read the chart in TCB. Matrixcool and profitman will help us to add in more input :)This is the best way to learn :)

Mudajya

Market cycle stage 3-distribution. In weekly chart, Mudajaya has been trading in a rectangle for almost two years until now. On 23/04/14, the price gap down and fall from 2.75 to 2.47 for four weeks. On 30/5, Engulfing bull formed after a month decline. Price is expect to test resistance 1- 2.58 and resistance 2- 2.62. A very strong resistance at 2.72. Support 1 at 2.42 and support 2 at 2.39

Karex

It is very bullish since IPO. Right now the price is trading in flag btw 2.95 and 3.21. Need to break throgh 3.21 to test 3.29. If break 3.29, the only resistance is 3.52. The support 1 is 2.96 and support 2 is 2.86.

I posted Dsonic on Mar 27

Dsonic- Dsonic is having a very bullish trend. But right now the chart looks like a Parabolic Reversal trend to me. However, we dunno when the uptrend will end, just need to be more cautious. A negative catalyst might create a massive panic.

After reading the chart on 1/6

The price break the parabolic curve because of the huge sell down on 04/04. The price drop since then. A morning star formed on 16/04 which mean 2.62 is a very strong support line. A small U shape is formed from 21/04 until now. However it failed to break to break 3.92, it expected to further consolidate btw 3.66 and 3.81.

I analayze D&O on May 22

D&O
An hammer formed on 28/4 which indicate the downward trend has ended. The price further consolidate btw 0.295 and 0.31 for almost 9 trading day until break through 0.31 with volume on 16/05. On 19/05, a gap up confirmed the thrend is upward. Need to break through resistance is 0.37/0.38 with volume in order to test 0.405. Support 1 at 0.33 and support 2 is 0.31. Cut loss if
0.295 is voilated.

After reading the chart on 29/05
On 26/5, the price try to break through 0.405 as I suggested earlier but failed to maintain above 0405. A morning star formed after that, the price went down. Support 1 is at 0.33 and support 2 is 0.31. Cut loss if 0.295 is voilated.

Jbond

KLCI

It has been a long debate whether the valuation of KLCI is cheap or expensive. To be frank, we dont know how high it will go and how low it will go too. It looked like a cup and handle pattern to me. Resistance 1 is 1877 and resistance 2 is 1889. Need to break 1889 instead to go higher. The support 1 is 1863 and support 2 is 1839. The RSI is normal now. There is no overbought or oversold. So I expect it will break through 1889 sooner or later. ( Just assumption )

Dance

I did the reading Unisem on May 22

Market cycle 2 Mark-Up stage which is very bullish. The price actually filled the gap btw 1.22 to 1.24 which gap down on 09/08/2012. The support at 1.22 is very storng now. If the support break, it may further test 1.16. Cut loss if 1.13 violated. Morning star formed on 21/5 which indicate that the short term uptrend might end soon and further consolidate. Need to wait for the next day candle to confirm the downtrend.

After reading on 29/05
I am sorry that I made a mistake previously. On 21/05, the candle is not called morning star, it called shooting star. Well, the scenario is still remain the same. The price did some downward adjustment as expected. On 21/05, the price formed a doji means indecision. The price is expected to consolidate btw 1.25 and 1.3.

Seal

Market cycle 2 - Mark up stage which is still uptrend. The doji formed today means likely trade sideways between 0.68 and 0.70. Volume is needed to break resistance 1- 0.755 and test 0.775. At the moment still is the correction on a uptrend if 0.64 is not violated. If 0.64 break, it may enter market cycle 4- Markdown (bearish).

Bravo

Yes it is quite bearish past few days. It is a bad sign that the price has broken 0.42. It will test support 1 which is 0.41 and support 2 0.395 if there is a sell down. I expect the price will further consolidate if the price didnt break the 0.395. Resistance 1 is 0.46 and resistance is 0.48.

Faber

It is a very bullish trend. It has been trading in bullish(raising) flag in an up trend. Based on the chart history, after the price break through up high. the price will adjust downward abit before fly again. Same goes to recent price. On 20/05, a hammer formed which indicate the support level 1 at 3.06 and support level 2 at 2.98. The volume on 23/5 is higher than the volume on 19/5 which the last new high. So i expect the price tomorrow will go up tommorow and break the resistance 1- 3.22 and test 3.29. If you are in the stock, congrats for the winning trade. If you havent in the stock, can consider to buy on dips.

IGBREIT

The trend is very bearish. The chart pattern is having Bearish (rising) flag in a down trend. So I expect the price will adjust soon. The support line 1 is 1.16 and support 2 is 1.12. The resistance 1 is 1.2 and resistance 2 is 1.25. The MACD and RSI are moving downward. The price is under MA 200 as well. So most likely the down trend will continue. However, if you are entered this stock for dividend yield, that is another saying. DY is Annual Dividend per share divided by Price per share. So the price goes down, the DY is higher. You wil get more DY. In this thread, we are more focus on tenical analysis here. So still depend on your trading style :)

Mitra

It looked like a parabolic reversal after an uptrend to me. Meaning that the price will adjust downward to test support 1- 0.82 and if there is a huge sell down might test 0.775. The major resistance line is in 0.935. RSI is show going downward and oversold.

AMPROP

It is a very bullish trend. The price on 23/5 shown a big gap up around 10%. I assume the quarter result is very good. however, the price is open high closed low. We need to see the confirmation candle tomorrow whether it is a morning star (price go down) or sideways. Mostly the trend will be sideways. The reistance is 1.13 once break 1.13 with volume , it will go to uncharted teorotery. The support 1 is 1.06. If there is a huge sell down ( I assume wont ), the price will test the 0.99 support 2.

Thor 88,

Raya

Market cycle 2- Mark up which indicate bullish trend. The price just break through a long consolidation almost 1 and half year at 0.16. The price go up high and test resistance 1- 0.255. It need to break through to further test 0.27. Evening star formed on 15/05 and the price drop since then. However, 22/5 candle looked good, it formed a piercing pattern. The price may continue go up tomorow. Support 1 at 0.195 and suport 2 at 0.18. Cut loss if the price drop further 0.16.

Tuckl

LBS-Stage 3 Distribution Market cycle in overall trend. An Doji formed on 21/5 means the indecision of the busy and seller. I expect the price will further consolidate btw 1.725 and 1.79. Support 1 is 1.68 and support 2 is 1.62. Resistance 1 is 1.79 and resistance 2 is 1.85.

Ronaldo
Unisem- Market cycle 2 Mark-Up stage which is very bullish. The price actually filled the gap btw 1.22 to 1.24 which gap down on 09/08/2012. The support at 1.22 is very strong now. If the support break, it may further test 1.16. Cut loss if 1.13 violated. Morning star formed on 21/5 which indicate that the short term uptrend might end soon and further consolidate. Need to wait for the next day candle to confirm the downtrend.

Thor88

D&O- An hammer formed on 28/4 which indicate the downward trend has ended. The price further consolidate btw 0.295 and 0.31 for almost 9 trading day until break through 0.31 with volume on 16/05. On 19/05, a gap up confirmed the trend is upward. Need to break through resistance is 0.37/0.38 with volume in order to test 0.405. Support 1 at 0.33 and support 2 is 0.31. Cut loss if 0.295 is violated.

QL

I would term this as Stage 3 Distribution market cycle. The price hs just broke through the support line 3.13-3.15 recently. And now 3.13-3.15 is the resistance for the next breakthrough.If the price further drop until 2.9 and 2.85, you might need to be cautious cause the stage 4 Markdown market cycle is forming. Ytd candle looked like a inverted hammer to me which indicate the downtrend might reversal. However the inverted hammer always next day candle for confirmation whether the trend is reversal or further consolidate.

Etitech

20/5, the price formed a bearish engulfing candle and expected the price to further down today and test the support 1- 0.12 and support 2 - 0.10. The RSI showed overbought and heading down (there is no divergence) the price is expected to move downward. The penny stocks somehow is abit more risky ( return higher). Rmb dont let a winning trade become a lossing trade :) lock in profit first.

Pls feel free to add in more input everyone :) Happy trading!

Kayza

Presbhd

On 14/05, the price formed Bullish engulfing and the price went up to test 2.04 but failed to break through to uncharted territory. On 20/5, the price formed a Bearish engulfing candle and indicate the price is going to drop further to test resistance 1- 1.88 and resistance 2- 1.76. If you are thinking of bottom fishing, you may want to collect the share around 1.76. Cut loss if 1.76 is voilated.

Matrix, Feel free to add in your thought on Presbhd

CK

THHeavy

The bearish engulfing forming on 16/05. The price drop almost 7% after than and formed 3 black cows today which indicate very bearish the trend. Yes the MA 50 is stil above the MA 150 and MA 200 (The medium trend is still upward according to MA theory). In fact, MA is a very slow indacator and need time to wait for the adjustment (50 cross 150 and cross 200). So depend which kind of strategies are you using :) In theory, MA 200 is a very strong support. Once it break through MA 200, you want to cut loss. In this case, MA 200 is at 0.89. If 0.89 break, it will further test 0.87.
Resistance 1 would be 0.98 and reistance 2 is 1.08

2767Max

Petdag

It is very bearish now. A big black candle formed on 08/05 due to the bad earning result. The price was consolidating btw 26.54 and 27.34 for 5 days. The seller is higher than buyer. The support line based on ytd chart is 26.19 and support 2 is 25.53. However the price today (12.30n, 20/5/14), break the support 2 line and further test the support 3 - 24.7. We dont want to catch the falling knife.
3 black cows is forming soon. The resistance 1 is 27.33 and resistance 2 is 27.88.

Humble_Bee

16/05/2014 Pantech posted by Matrix

PANTECH—I cleared my PANTECH after spotting it formed the Last Engulfing Bull on 25/04, I cleared to release my capital. Since then it has consolidated downward to a new low of $0.96. With today close with a Bullish Candle at $0.985 more rebound can be expected from Pantech in the near term. It is expected to test its immediate resistance at $0.995/$1.00 ( Most likely to trade from $0.96 to $1.00 during this consolidation). If break may try $1.02 and its previous high. Immediate support adjusts to $0.96 and strong support at $0.95. Short term traders exit if $0.94 is violated.

After reading the chart on 19/05

The situation is still remain the same. Today price is try to break through 1.02 but failed. The bearish signal is higher than the bullish signal which formed inverted hammer today. The price might adjust downward or further consolidate. It is expected to test its immediate resistance at $0.995/$1.00 ( Most likely to trade from $0.96 to $1.00 during this consolidation). If break may try $1.02 and its previous high. Immediate support adjusts to $0.96 and strong support at $0.95. Short term traders exit if $0.94 is violated.

WinWin

Ideal - It has been consolidating for almost 3 years (I only got 3 years data haha). I believe some big guys were collecting the share on 27/03 ( the volume spike). It breaks through 0.21 after that. On 08/05, the volume is higher than previous new high volume 27/03 (maybe there is something).The major support at 0.265. The resistance 1 - 0.355 and resistance 2 - 0.37. If you are thinking of bottom fishing, cut loss if 0.265 is violated.

KIALIM- Overall pattern is forming a U-Shape which is trying to break 0.61.On 20/7/2012, the Upper shadows touched 0.61. On 20/3/2014, the upper shadow touched 0.61 too.On 14/5, It tested 0.61 with volume but failed to break through. Which formed triple top and made the resistance 0.61 very strong. I believe the price will do make some adjustment or further consolidate. The support 1 is 0.575 and support 2 is 0.545.

Jass

MMSV- The dark cloud formed on 28/03 and the price dropped since then. A hammer formed on 06/05 and the new bottom has found which is 0.175. The Doji formed on 16/5 which indicate the indecision of the investor whether they wanna buy or sell. The share price may further consolidate btw 0.195 and 0.235. The support 1 is 0.195 and support 2 is 0.175. The resistance 1 is 0.235 and resistance 2 is 0.245. You may consider bottom fishing but cut loss if 0.175 is violated.

As usual, Matrix , profitman and everyone feel free to add in more inputs :)

Lam2738,

Shooting star formed on 28/4 and the price drop since then. On 06/05, the bullish harami formed and implied that the bullish trend is coming. Yeah It has just break through 0.575 resistance but the resistance is not strong enough. It need to break through 0.625 with volume to test 0.655. The new bottom is formed at 0.54 and strong support at 0.51.

Feel free to add in more input, profitman.

Matrix- have a good rest !

Matrix - I am in :) Thanks for everything and looking forward to learn from you !!

Dino Limo

Pelikan- It has been trading sideways between 0.885 to 0.96 almost one month. It has just break through 0.96 with volume. The morning star formed on 05/05 make the trend looks bullish now.
Support 1 = 0.885 & Supoort 2 = 0.84 ; Resistance 1 = 1.02 & TP = 1.10

Miracle4faith

TDEX- Yeah it has been trading from 0.22 to 0.245. It seems like bearish engulfing candle just formed today(My opinion). RSI is going downward too. The bearish trend could form after that.
Imediate support 1 = 0.22 & support 2 = 0.20. Need to break through 0.245 (with volume) to test TP 1 = 0.265.

As usual, Matrix/Profitman feel free to add in more input !! Thank you !