Looking at SALUTE for another wave upAfter pulling back and consolidating, I am looking at MYX:SALUTE to stage another wave up.
Trigger: 0.965
Stop: 0.87
Targets: 1.28,then 1.57
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Bursamalaysia
SUPERMX - Broken support and headed towards RM1 regionPer my tagged previous post on MYX:SUPERMX , everything seems to be going per planned and as expected. Targeting the the support region of RM1.00 for this ticker. Good luck.
I am in no way a market pro. I don't read any fundamentals/news or analysts reports. Everything here is based on charts.
TOPGLOV - Target revised lowerFollowing my 6 September post on this ticker, MYX:TOPGLOV has moved according to my prediction and is on track to reach the target. I have made some mistakes in estimating the target of RM2.30 earlier, but in this post, I have revised the target to around the RM2.00-RM1.80 region.
Good luck.
TOPGLOV: Downtrend continues?Back when MYX:TOPGLOV was trading at RM7.29, I posted and idea of a downtrend forming. People laughed.
After a few more other update posts, it is now trading below the RM1 mark. Expecting prices to tumble further if it manages to break below RM0.81.
Denial does not make the stock rebound. Why not trade what we see instead of what we think?
LITRAK: Potential strong upsideLitrak has the potential for a strong move to the upside.
Trigger: 4.70
STOP: 4.60
Target: 4.90 minimum
Bullish Divergence Pattern @ MATRIX1. Bullish divergence pattern detected in RSI
2. OBV also showed bullish divergence pattern
3. Price had broke the pattern resistance with a bit high volume than normal.
4. Price had also retested the previous resistance that had been broke but with low volume.
5. Potential risk ratio is 3:1
6. Price may retested the EMA200 in the future.
Lets see
Ascending Triangle Pattern @ SPFTECH1. Ascending triangle pattern can be seen
2. Looking at past history, price will bounce when hitting at the support of the pattern.
3. No abnormalities in terms of volume, RSI and OBV. Besides, volume becoming lower and lower for 4 days and that showed that the selling pressure is becoming less and less.
4. Risk reward ratio is 2:1
PVA, RSI and OBV on NWP1. Price making lower low
2. If see monthly chart, can see the price is nicely put in a pennant shape
2. Bullish divergence in RSI
3. Bullish divergence in OBV (people are buying)
4. Potential 3:1 reward
Usage of OBV and Divergence1. Example of powerful tools of PVA Analysis.
2. The analysis that can be done are :
a) Price making higher high but not followed by volume
b) An inverted hammer is formed with high volume (shown selling off by market maker)
c) A bearish divergence in RSI
d) A bearish divergence in OVB
3. All of this clearly shown that price is exhausted and a retracement is highly likely.
Usage of OBV, RSI and Volume1. Combination of PVA is very interesting and powerful tool that we can used to predict the price trajectory.
2. In the example above (LAYHONG, a poultry stocks in Malaysian Stocks Market).
3. This is my analysis on the stocks:
a) Price making lower low and retesting a major trendline.
b) Low volume while retesting the trendline
c) A bullish divergence is shown in RSI indicator
d) A bullish divergence is shown in OBV
e) Clearly this is an opportunity to go long as bullish divergence plus testing support zone with low volume.
AYS Venture 5021 Bursa Saham Malaysia stock analysis 17-Feb-2023Short term analysis: (what we see from the chart)
Price crossed-up MA50 (blue) & MA200 (white), possible to start bullish uptrend.
Higher High Higher Low of price pattern is formed!
Short term resistant @0.48
Smart Money Flow (MI02b) indicates Profit-chip (red bar) is increasing & Lost-chip (green bar) is dropped to minimal.
Trade Setup Trial:
Cost price 0.44
TP1 0.575
CL 0.41
Risk Reward Raio - 6.8% : 30.7% (1 : 4.5)
#bursasaham #malaysiastockmarket #ays #5021 #bursamalaysia #malaysia #bursa
#trendline #trendanalysis #technicalanalysis #chartpattern #trendpattern #uptrend #bullbear
#supportresistance #technicalindicator #indicator #waveanalysis
Disclaimer:
This published Idea is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.