SALCON-WB (5/11/2020) towards Impulsive Wave 3?
SALCON-WB completed Wave 2 in Nov-2 and currently riding upwards for Impulsive Wave 3 journey. This run normally in 3 zigzags before completing the wave. Resistance would be around 0.22, 0.3 and 0.43, with Support level @ 0.08 (Risk-reward is around 1:3.4). Fib Time is used to chart probable Wave 3 completion.
Volume started to increase since 9-Oct, with Bankers chip is taking over the volume, good sign for breakout.
It mothershare's
SALCON has quite large balance float (60% of 1012M shares), relatively compared to lighter GADANG (49% of 728M shares) and MYX:VIVOCOM (54% of 566M shares). This would make a heavy friction for SALCON price to move. Good sentiment/news are needed to support its journey.
TAYOR guys !
p/s: I'm no expert, only a newbie trader practicing my new understanding on EW. Please help to feedback if you see any room for improvement. Thanks everyone.
Volume started to increase since 9-Oct, with Bankers chip is taking over the volume, good sign for breakout.
It mothershare's
SALCON has quite large balance float (60% of 1012M shares), relatively compared to lighter GADANG (49% of 728M shares) and MYX:VIVOCOM (54% of 566M shares). This would make a heavy friction for SALCON price to move. Good sentiment/news are needed to support its journey.TAYOR guys !
p/s: I'm no expert, only a newbie trader practicing my new understanding on EW. Please help to feedback if you see any room for improvement. Thanks everyone.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.