KSI Technical Recommendation 26 Juli 2023
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26 Jul 2023

JCI Range Today 6,867 – 6,877 (Support), 6,958 – 6,971 (Resistance)


JCI closed higher and had breakout to the resistance. Stochastic golden cross indicator, MACD histogram is moving positive (bullish line) and volume is decreasing. If it moves bearish again, JCI is expected to weaken again to the support range of 6,867 – 6,877. If JCI is able to move bullish and break again at 6,931, JCI has a chance to go to the resistance at the range of 6,958 – 6,971.

AUTO

(AUTO) The price closed higher and broke out from the resistance. The price has the opportunity to test the next resistance again. Stochastic indicator is bullish, MACD histogram is moving positive again (bullish line) and volume is neutral. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading buy).

TRADING STRATEGY:

1.Target Price: The price has a bullish opportunity to test the resistance level 3,000. If it breaks level 3,000 then the price will go to level 3,070. We recommend to be careful if the price fails to break through or turn around the support area.

2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 2,830. Entry Buy : 2,870 – 2,930 Target Price : 3,000 – 3,070 Support : 2,840 – 2,870 Cutloss : 2,830

INTP

(INTP) The price closed higher with a bullish candle. The price has the opportunity to strengthen to test the nearest resistance. Stochastic indicator is bullish, MACD histogram is moving positive (bullish line) and volume trend is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading buy).

TRADING STRATEGY:

1.Target Price: The price has a bullish opportunity to test the resistance level 10,650. If it breaks level 10,650 then the price will go to level 10,725. We recommend to be careful if the price fails to break through or turn around the support area.

2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 10,150. Entry Buy : 10,275 – 10,450 Target Price : 10,650 – 10,725 Support : 10,175 – 10,275 Cutloss : 10,150

SILO

(SILO) The price closed higher and broke up to the resistance. The price has the opportunity to continue strengthening to the next resistance. Stochastic indicator is bullish, MACD histogram is moving positive (golden cross line) and volume is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading buy).

TRADING STRATEGY:

1.Target Price: The price has a bullish opportunity to test the resistance level 2,050. If it breaks level 2,050 then the price will go to level 2,090. We recommend to be careful if the price fails to break through or turn around the support area.

2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 1,910. Entry Buy : 1,950 – 1,985 Target Price : 2,050 – 2,090 Support : 1,915 – 1,950 Cutloss : 1,910

TBIG

(TBIG) The price closed higher and breakup to resistance dynamic. The price has the opportunity to continue strengthening to the next resistance. Stochastic indicator is bullish, MACD histogram is moving positive (bullish line) and volume is increasing. Confirmation to buy if the next candle is bullish again or buy on support if it goes down first. We suggest being careful if it fails to stay above the support level. (Trading buy).

TRADING STRATEGY:

1.Target Price: The price has a bullish opportunity to test the resistance level 2,070. If it breaks level 2,070 then the price will go to level 2,100. We recommend to be careful if the price fails to break through or turn around the support area.

2. Stop Loss: To minimize the risk of loss, we recommend placing a stop loss at level 1,980. Entry Buy : 2,010 – 2,040 Target Price : 2,070 – 2,100 Support : 1,985 – 2,010 Cutloss : 1,980  



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