Barakah Imminent Breakout
Today Barakah had made a strong move from 0.065 to close at 0.08 in one single day.
In shory, today's closed price is above it's downtrend line with strong buying power.
Currently:
1) Looking at line (a) which is inverse with line (a'), showing that eventhough today's closing price is lower than that 6th July but RSI is ticking upward. This show that this counter is gaining strength.
2) Today's closing is above MA20 line.
3) Macd also made a cross today.
I anticipate that Barakah is imminent breakout from downtrend line with Double Bottom formation.
Disclaimer: This is NOT a Buy / Sell call. This analysis is for learning purpose only.
In shory, today's closed price is above it's downtrend line with strong buying power.
Currently:
1) Looking at line (a) which is inverse with line (a'), showing that eventhough today's closing price is lower than that 6th July but RSI is ticking upward. This show that this counter is gaining strength.
2) Today's closing is above MA20 line.
3) Macd also made a cross today.
I anticipate that Barakah is imminent breakout from downtrend line with Double Bottom formation.
Disclaimer: This is NOT a Buy / Sell call. This analysis is for learning purpose only.
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