Friday, March 2, 2018

Chart[78] - CSE Global

The counter saw strong buying volume since it released latest earning results. From last year November, it has been trying to hit 0.39 twice. Recent surge just shy away from the resistance about 0.05. Next spike of buying volume could push it to break 0.39, which would form triple top breakout.
Zooming out to weekly chart as below, price could face next resistance ~ 0.4, followed by 0.445. Price has been consolidating from 0.33 to 0.39 for past 6 months. As long as price doesn't back down to 0.33 again, an upwards breakout looks possible.


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