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Unusual – Challenging its key resistance $0.270 – 0.280 with volume expansion (4 Nov 2019)
By Ernest Lim's investing blog  •  November 5, 2019

Last Friday, Unusual Limited (“Unusual”) caught my attention. It is testing its key resistance $0.270 – 0.280, accompanied by an increase in volume for the past three days with above average volume in two out of the past three days. It closed at $0.275 on 4 Nov 2019. Day range 0.270 – 0.280.

Furthermore, as its 2QFY20F results are just around the corner, it may be an opportune time to take a look at this stock.

 

Interesting points

A) Chart looks positive with strengthening indicators and volume

Based on Chart 1 below, Unusual has been challenging its key resistance $0.270 – 0.280 for the past few days with increasing volume. This is a key resistance level, as it is near the lower end of its Feb 2019 – Aug 2019 trading range of around $0.270 – 0.320 (before it broke down in Aug) and its 50D & 100D exponential

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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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