Learning : Pecca, a potential technical rebound.
Disclaimer : This is for learning purpose, no recommendation of buy/sell
Pecca completed the uptrend and is now on the downtrend.
Stocks price crossunder moving average 20 (MA20) and has dropped more than 15%.
During the drop, there was potential chip accumlation as indicated in Chips Masters.
The candles are now at the vicinity of -15% of MA20.
There were stop dropping doji , followed by a rebound bullish engulfing , and now with candle above MA5 .
Based on Granville Rules, this is a potential technical rebound of point number 4 as depicted in diagram on the right.
Pecca completed the uptrend and is now on the downtrend.
Stocks price crossunder moving average 20 (MA20) and has dropped more than 15%.
During the drop, there was potential chip accumlation as indicated in Chips Masters.
The candles are now at the vicinity of -15% of MA20.
There were stop dropping doji , followed by a rebound bullish engulfing , and now with candle above MA5 .
Based on Granville Rules, this is a potential technical rebound of point number 4 as depicted in diagram on the right.
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