VIS on Super Bull Mode and to Test New High SoonA model stock for Aemulus and QES, the last 2 candles show some promising prospect for this super bullish counter to end its retracement soon with still healthy RSI and banker chips. VIS will close above 1.505, EMA10 and EMA20 and finally will break ATH at 1.740.
Support at 1.355, Resistances at 1.505, 1.605 and 1.740.
Disclaimer: Trade at your own risk.
Bursamalaysia
Trend Rider 291. Weekly in uptrend EMA 10 > EMA 30 > EMA 200. Already start to make Wave 5.
2. In 4H smaller Wave 3 is expected after reversal at 0.5 Fibonacci level (SL to put lower than 0.382 to be safe). Bullish candle broke the small candles.
3. Isaham score 11.2 PE 9.2 WAFV RM2.39, i3 ATP RM1.98.
TOPGLOV - Invert Scale for HODLers/TANKers Rubber glove stocks seem to be heading downhill currently, falling to the lowest points since the reverse of the strong upward trend in October.
Despite the slump in these glove stocks, I believe Top Glove offer some of the highest sustainable dividend yields in the world - the glove sector was an attractive sector for many years prior to the pandemic, and it will likely be even more attractive in the post-pandemic era.
I understand you think it is more to bear than bull at the moment. Trader you may cut loss.
For hodlers/tankers, we think it is very very undervalued and oversold. Investor stay strong and keep tanking. :)
At the end of the day, you THINK what you THINK.
Here's the chart for HODLers/TANKers, the rising wedge, PEACE!
Back to the gradientIt can be seen volume is lower and lower when price is high (flagged in blue), indicating the purchase interest is no longer so powerful.
Coming days should be traded low volume, as long as price supported at 0.900 regardless of staying in Flat Top area.
If buying interest is coming back, candles should join back the Flat Top area and retest the Flat Top Resistance.
Do notice the release of Quarter Report along with the market sentiments.
Deep Crab Served With 21 Petals of LotusHi guys, how are you ? Hope you guys are doing good.
Suddenly crossed in my mind about this counter which had famed before, So i came up with a lil 2cents of opinion here... take a look when i rely 100% by only using harmonic pattern and geometrical fibonacci.
Take a look, here is what i found.
1. Current situation of flat price (Sideways)
2. A monster pattern named deep crab appear which indicates the probability of reversal most likely to be happening when reached the reversal point at any levels of geo-fibo above.
3. "Fibo Convergence" appears 2 times which indicates 2 different level of fibo numbers meet at the same level of price (plus minus 2point)
Well, this is only based on my limited of understanding as a human being, cause i believe people need to always upgrade the knowledge.
This is only the study of probability and not a confirmation. Buy at your own risk(BAYOR)
All the best traders, May God Bless.
Best regards,
Zhafri Azizan
Trend Rider 281. In weekly chart about to start an uptrend with EMA 10 > EMA 30 and just broke EMA 200 and the downtrendline.
2. In daily, seems like its about to make Wave 5, where strong reversal candle (bullish engulfing) formed at 0.382 (Wave 2 at 0.618). Price action above EMA 200.
3. Isaham rating 5.7 PE15.4 WAFV RM1.56 (profit indicator declining revenue increasing), i3 ATP RM1.38.
4. From TRD20 screener.
PPHB consolidation BO possibleAfter sideway for quite sometime, PPHB will be able to close above 1.085 and finally breakout from its 1.250 resistance.
The Current price is actually a good price for entry. A good fundamental counter which can be kept for long term.
Disclaimer: Trade at your own risk.
Correction completed?0.930 a sweet support for double bottom. 1.010 is the resistance.
AEON seems starting to change from downtrend to side moving, wish to see it set another position at 0.960 with RSI 50, following breaking 1.010 to get larger potential going up.
If AEON unable to get out from downtrend band, Flat Bottom will tell.
Aemulus - dropping to Strong Support?The plunge seems stabilizes. It is a big possibility we're seeing a reversal towards bullish movement if today's candle closes as a bullish one. Bankers are intact at 68% and reduction of volume is healthy.
Support at 810~830 and resistants at 900, 950, 980 and 1040.
Notion - Monitor for Bearish Continuation or ReversalA counter that is recently linked to EV theme, recently it failed to break through twice the resistant at 995 hence forming the Double Top pattern.
A bearish continuation is confirmed if it drops to below the neckline support of 840. It needs to maintain above immediate support of 880 and crossed the the green EMA50 and red EMA20 line for a bullish breakout to reverse its overall downtrend movement.
Disclaimer: Trade at your own risk.
TARGET FOR LONG *AIRASIA* TARGET AREA RM0.90 TO RM1 PER UNIThere we already see a reversal.
and already create a QM best structure for buy..
and we saw a FAKE OUT that possibility for the price to break thru the price..
The yellow box is the best area zone for a price do a rejection..
there are a few confirmations that made me confident with buy setup
1. The structure has shown a reversal in minor
2. Vaccine gonna be released on 24th January will support the technical analysis.
3. MA 50 + 200 currently below the price show a reversal
4. Price has breakout previous strong Support and now doing a retest.
Ruberex H&SWeekly chart depicting Head and Shoulders pattern. Currently the Glove counters sentiment is very weak now. Immediate prospect isn’t looking good.
Paragon is showing Trend Reversal to UpsideAn inverted hammer is formed showing it is at bottom of downtrend with banker chips still inside. A bullish candle is needed next for confirmation.
Currently it is a good entry at support at 1.775 and the next resistance is at 2.280. A non-FA stock which is only good for short term holding.
Disclaimer: Trade at your own risk.
Trend Rider 271. Weekly starting to make an uptrend. EMA 10 > EMA 30 but below EMA 200. Also starting to make Wave 3.
2. H4, price broke the downtrend line and retrace to 0.5 Fibonacci level also RBS. Doji formed and followed by a strong bullish candle potentially to form Wave 3.
3. Isaham rating 11.4 PE 21.9 WAFV RM0.99, i3 ATP RM1.01.
Aemulus possible to break ATH and sit above 1.050Sitting well above trend line support, this counter has potential to go up further due to strong banker chip presence and healthy RSI below 60. Bullish MACD Crossover is predicted to happen anytime soon for next few trading days. This counter needs to be solidly closed above 95 sen next week to be seen as a strong mid to long term counter priced between RM1~1.50.
Disclaimer: Trade at your own risk.
Ucrest got potential -Currently breaking trend line
-momentum (RSI) still uptrend
-MACD line cross for uptrend position
-Got previous "fly trend" before
Bahasa:
-sekarang sedang pecah resistant trend line
-motentum (RSI) masih lagi dalam keadaan uptrend
-line MACD dah bersilang untuk uptrend
-pernah terbang sebelum ni
Bursa UZMA BerhadThe pullback might fall to the potential zone before it continuing uptrend.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Bursa PUNCAK Niaga Holdings BerhadWill the RM 0.30 zone price become the strong support? Especially after the lowest drop fall to RM 0.09 last March and struggle moving up before it get pushed to RM 0.51 by the end of 2020. The price closed at RM 0.37 last friday, fall under 50% level of Fibonacci Retracement.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
VS to rebound from Trend Line SupportThings are still looking good for the dragonhead of local EMS despite the gradually shift to recovery stocks. Price is ascending nicely in an ascending channel. A bullish candle is expected to form a Bullish Morning Doji Star pattern here. Banker chips are still strong with good momentum. Entering now is perfect for those who wish to hold this counter for long term or investment.
Disclaimer: Trade at your own risk.
D&O, UNISEM, VIS - Best Malaysia Tech Stocks to Buy & Watch Now?Malaysia tech stocks have been on fire for the past 6 weeks with handsome return. Is it too late to start buying the tech stocks now? Not all tech stocks are equal. How should one pick the right stock with potential higher return?
In this video, you will find out the top 3 best performing stocks MYX:D&O , MYX:UNISEM , MYX:VIS with the potential to even outperform the rest in the Malaysia technology sector.
Price action analysis and volume spread analysis (with Wyckoff trading concept) are adopted to decipher why they are the best stocks to trade together with possible low risk entry with either breakout trading or pullback trading strategy.
Trend Rider 261. Weekly in uptrend, EMA10 > EMA30 > EMA200. In Wave 4 with a reversal expected to be at 0.618 level also a SBR.
2. In daily hammer was formed and followed with bullish candle. Have not move yet but crawls lower thus may be a good time to start collecting. Price action above EMA 200.
3. Isaham rating 9.9 WAFV RM2.84 PE 10.1, i3 ATP 1.44.