CMSB formed inverter hammer ( Potential bullish reversal)

CMSB went up to 3.38 but was pressured by the profit taking and close at 3.29

Trendline - Uptrend
Formed Higher high and awaiting to see whether higher low can be achieved or not
MACD - Bearish as signal are kissing. If bullish reversal appears - Kiss of life will appear with 3R1G signal
RSI - Retrace towards 50% ( bearish)
Sto - Broke below 50% ( Bearish)
Candlestick Pattern - Formed inverted hammer ( low chance of bullish reversal) . However requires a white candle to confirm the bullish continuation.
Volume Distribution : Big Volume buy up at 13.00 to 15.00 ( Big Buying Interest)

 

Conclusion - Need to monitor for another day and if Monday it closed higher , high chances it will be bullish to test the next resistance.

Resistance 3.51 / 3.59
Support  3.25/ 3.05