Previously, I mentioned that StamfordLand is hitting resistance and is trading inside the Weekly Kumo; a sign of trendless state. Just a couple of days back, the Reserve Bank of Australia announced rate hike and indirectly, it lead to a small surge for StamfordLand. Though, it is clear from the chart that it lacks the… Continue reading StamfordLand (H07) : Lacking strength to break through
StamfordLand has a nice gentle upward slope with the leading kumo showing that the upward trend is still intact. On the Daily Chart, I see 0.45 as the price for it to break out of. This is further confirmed by the Weekly Chart which shows that as the kumo resistance .