ANCOM Buy indicator. Swing trading idea.ANCOM financial healthy. . EBITA is positive over 5 years. MACD is on up trend. Up coming QR report is on 13 Jan 2025. Buy at 1.02. Profit taking at 1.10.
ANCOMNY trade ideas
Falling Wedges Pattern ( 17/9/22)The falling wedge pattern occurs when the asset's price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge's resistance.
DISCLAIMER!!!!
NOT A BUY CALL
TRADE AT UR OWN RISK
FOR STUDY PURPOSE ONLY
ANCOM BHD New Upleg ComingThe chart already completed an island reversal chart pattern on April 17th when the breakaway gap occur. The retracement after the gap is expected and yesterday candle (April 26th) shows a confirmation that it is getting bullish again. Expect some minor retracement before it continue to go higher with the first price target of 0.64 by using X-X method.
