Technical Pulse: Akeso Inc. November 30, 2021 179

Akeso Inc (HKEX: 9926) Technicals are showing a bullish return:   

 

  1. The formation of the cup and handle is indicative of a bullish reversal break to the upside.
  2. The piercing line candlestick pattern rebounded with prices closing above the Tenkan-Sen.
  3. Ichimoku is showing an initial stage of the three bullish golden cross signal
  4. The on-balanced volume rally has confirmed the uptrend.

 

 

*Expected timeline of the trade is 15 weeks from the date of report issuance.

CHART LEGEND

 

Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line

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