My humble analysis as shown below:
1. Observed the RM 0.915 support trend line (green) still valid.
2. 23-28 April correction but didn't break the support. On 28 April candle, observed higher buy force can price closing accurately on the support RM 0.915.
3. 29 April shooting star candle, price still close RM 0.925 which is above RM 0.915.
4. 30 April shooting star candle as well, price close at RM 0.945 compare to 29 April price RM 0.925.
5. Volume on 30 April also stronger than 29 April.
Overall Slvest chart is nice and I enter Slvest at RM 0.950 with support set at RM 0.915.
Immediate resistance on 1.02 to close the gap. Attempt to break on 23 April but failed.
I foresee Slvest will attempt to break RM 1.02 again.
With government announce majority economy sector being allowed to operate starting 4 May 2020. Possible to break RM 1.02 on 4th May?
Let's see.
1. Observed the RM 0.915 support trend line (green) still valid.
2. 23-28 April correction but didn't break the support. On 28 April candle, observed higher buy force can price closing accurately on the support RM 0.915.
3. 29 April shooting star candle, price still close RM 0.925 which is above RM 0.915.
4. 30 April shooting star candle as well, price close at RM 0.945 compare to 29 April price RM 0.925.
5. Volume on 30 April also stronger than 29 April.
Overall Slvest chart is nice and I enter Slvest at RM 0.950 with support set at RM 0.915.
Immediate resistance on 1.02 to close the gap. Attempt to break on 23 April but failed.
I foresee Slvest will attempt to break RM 1.02 again.
With government announce majority economy sector being allowed to operate starting 4 May 2020. Possible to break RM 1.02 on 4th May?
Let's see.
Based on weekly chart, last week progress looks good. Hopefully can reach 1.02 resistance this week.
Critical support for SLVEST still at 0.915.