Sometimes simple price pattern along with price indictors creates wonder if one combines it together! See yourself how we identified such a massive move in CENTENKA. Check out how we accurately predicted on the possible up move on CENTENKA which has rallied more than 9% in just 2 trading sessions.
We published about CENTENKA in "The Financial Waves Short Term Update" on 7th August 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.
CENTENKA Daily chart anticipated on 7th AUGUST 2024
CHEMFAB Hourly chart anticipated on 7th AUGUST 2024
Wave Analysis:
CENTENKA has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 13.13%.
On the daily chart, in the previous session prices formed a bullish candle. Price is moving in a rectangular range over the last few days indicating accumulation in the stock. If price closes above this trading range will results into a bullish breakout of the rectangular pattern. Price is trading above the ichimoku cloud which indicate that the short-term bias is bullish.
As shown on the hourly chart, we have applied parabolic SAR which used to determine the price direction as well as draw attention to when the price direction is changing. A series of dots placed below the price which is deemed to be a bullish signal. Closest support is placed at 630.
In short, trend for this stock is positive. Use dips towards 655-660 as a buying opportunity for a move towards 710-720 levels as long as 630 holds on the downside.
CENTENKA Daily chart happened as on 8TH August 2024
Happened – The stock has moved as we anticipated. Prices showed a rise of 9% after a dip and achieved targets of 710-720 and made a high of 734.90 in the today’s session. We successfully captured move of more than 9% in just two trading days despite the broader market turndown.
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