{"id":4501,"date":"2024-04-30T11:32:22","date_gmt":"2024-04-30T06:32:22","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=4501"},"modified":"2024-04-30T11:33:55","modified_gmt":"2024-04-30T06:33:55","slug":"sngp-setting-up-to-continue-bullish-momentum","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/sngp-setting-up-to-continue-bullish-momentum\/","title":{"rendered":"SNGP setting up to continue bullish momentum"},"content":{"rendered":"\n
\"SNGP\"<\/figure>\n\n\n\n

Sui Northern Gas Pipelines Limited (SNGP)<\/strong>, In monthly time frame, after 1979 days<\/strong> this stock starts to change<\/strong> their market structure.<\/p>\n\n\n\n

It was in downtrend<\/strong> then sideways. But in 2023<\/strong>, it broke the monthly trendline <\/strong>and started to make higher high and higher low<\/strong> (this is what is called ‘market structure’).<\/p>\n\n\n\n

\"SNGP\"<\/figure>\n\n\n\n

To remain in bullish <\/strong>territory, it has to sustain above<\/strong> this weekly strong<\/strong> support that is near 57<\/strong> area.<\/p>\n\n\n\n

Sell <\/strong>half and hold<\/strong> half would be good <\/strong>approach in between 80 to 85<\/strong> area.<\/p>\n\n\n\n

In addition, its 3rd<\/sup> <\/strong>quarter result <\/strong>yet to come(will be announced on the PSX board meetings<\/a> page).<\/p>\n\n\n\n

\"SNGP\"<\/figure>\n\n\n\n

Daily time frame always<\/strong> shows the clear<\/strong> picture. It is stuck<\/strong> right now, but once result <\/strong>date conformed. <\/strong>It can easily<\/strong> cross the 70<\/strong> level.<\/p>\n\n\n\n

You could accumulate<\/strong> in this range. Once<\/strong> it breaks the 70 area. Fast<\/strong> fluctuation would be witnessed<\/strong>.<\/p>\n\n\n\n

Remember, closing<\/strong> below 60 <\/strong>would change<\/strong> the trend direction.  <\/p>\n\n\n\n

Have a Happy Trading journey.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Sui Northern Gas Pipelines Limited (SNGP), In monthly time frame, after 1979 days this stock starts to change their market structure.<\/p>\n","protected":false},"author":13,"featured_media":4522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[224],"class_list":["post-4501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sngp"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/SNGP-technical-analysis-30-April-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/SNGP-technical-analysis-30-April-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/SNGP-technical-analysis-30-April-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/SNGP-technical-analysis-30-April.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=4501"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/4522"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=4501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=4501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=4501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}