Instant Cup?From weekly chart, a very small cup is forming, volume for this week also seen higher than last week's. Forming the cup edge need to be around 0.590 to form the handle.
From daily chart, curve not really significant seen, but it has broke through Flat bottom last month. Theoretically, correction is done. So, let see how far it can go.
Bursamalaysia
Inari to Test ATHGood tech counter to swing trade with promising potential as it is related to 5G implementation in the country.
Expecting it to pull back a little before rebounding from support unless there is something that will excite the market due to weakening volume, MACD and banker chips.
Strong support around 3.200~3.260 region and resistances at 3.445, 3.560 and 3.750.
Disclaimer: Trade at your own risk.
PA Consolidation BO possibleLast bullish candle showed it was trying to breakout from downtrend line resistance to end its consolidation phase. Positive indicators: MACD golden cross and RSI has much room to go. Banker at 68%.
Support at 450, resistances at 505 and 535.
Disclaimer: Trade at your own risk.
MACPIE Possible mark up?The first time RSI hit 40 levels after the previous spring.
Cut loss if RSI Close below the level.
TR 361.Johotin, weekly in uptrend. EMA 20>EMA50>EMA 200. Now in Wave 4 where expected reversal is at 0.5 Fibonacci level (previous retracement also at 0.5) and RBS area.
2. H4 reversal candlestick formed (bullish candle larger than previous candles.
3. From Isaham, profit and revenue increased, PE 13.4, WAFV RM1.85
TR 351. DOMINAN weekly starting to make an uptrend. EMA 20 and 50 almost crosses.
2. Daily in wave 4 where reversal expected to be 0.382 Fibonacci level also a RBS (previous Wave 2 at 0.382). Doji fomed an break with bullish candle. Price action above EMA 200.
3. From Isaham, Profit and Revenue increasing, PE 12 and WAFV RM1.16.
Time to awake?There are several reasons why picking this stock.
Fundamental analyzing it, I dont think this is the best in property sector, but if the worst is over, then this is the undervalued company.
As this stock in in property sector, it is a sector not to be missed, although it grows pretty slow.
Moreover, this stock has been sideways for 337days. Which I think the lowest price has come to limit.
It has 2 green gradient to beat, the first steepest gradient is successfully break, following by 2nd one.
Once these gradients are broken, hoola. Bottom Flat breakout.
This stock may not skyrocketing, but the risk is far lower, just that it takes much more time to have the trend changed.
Bullish Symmetrical Triangle BO for EvergreenNice chart pattern formed over the duration of 3 months. Possible bullish breakout for this counter not far from the apex. And uptrending and super bullish stock where EMA20 is above EMA50 and its price closed above EMA20.
Support at 380 and resistances at 440, 475, 530. Today it couldn’t break the 440 resistance.
Disclaimer: Trade at your own risk.
VS to attempt New High again?Short term reversal confirmed after few bullish candles. Another bullish candle is needed to break Fibo line at 2.905 to continue with the bullish momentum or it will pull back slightly to 2.765.
Overall still a super bullish stock for long term holding.
Intermediate support at 2.765 and strong support around 2.540~2.625 region. Resistances to break at 2.990 and 3.130.
Disclaimer: Trade at your own risk.