A Divergence Signal!
The candlestick indicates a divergence signal due to the price being below the MA200 line. Using the support channel line as a reference, the price has the possibility to break the R1 price line, hence, toward the R2 price line in future trade.
The support channel is a reference to holding stocks within the parallel trend lines and buying stocks at the lower support lines. If the price exceeds the support line, therefore BJFOOD's price is in the declining phase.
MACD and RSI indicators also indicate a divergence signal, hence, confirming the price uptrend toward the next resistance price.
Let's save BJFOOD in WL and watch out price rally toward the price resistance R1 and R2.
R1 1.08, R2 1.15
S 0.855
The support channel is a reference to holding stocks within the parallel trend lines and buying stocks at the lower support lines. If the price exceeds the support line, therefore BJFOOD's price is in the declining phase.
MACD and RSI indicators also indicate a divergence signal, hence, confirming the price uptrend toward the next resistance price.
Let's save BJFOOD in WL and watch out price rally toward the price resistance R1 and R2.
R1 1.08, R2 1.15
S 0.855
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