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Bursamalaysia

Trade for ContraLooking Good to take from the reversal . For KLSE stocks intra day and contra day trading for Target and Stop loss Text me in whats app +91 73138 16218 Since its commencement in 1985, the Hextar brand has been marking its place as one of Malaysia’s foremost agrochemical companies. Today, the Hextar Group is a leading crop management solutions provider, both domestically and globally, thanks to its specialised agrochemical products supply chain. From research and development, to manufacturing and distribution, Hextar has consistently provided new and improved superior agrochemical products to its customers.
MYX:HEXTARLong
by cvinternational
DNEX Techincal AnalysisMany gurus & group have already done their analysis on the future prospects of the company so let's talk about the technical part of the share movement of the company for the past 8 months. From 0.20 to highest 1.05 in just 2 months with return of approx 450% during early of the year 2021, I believe many investors and traders have benefited from the drastic share movement of the company especially from the company warrant WD. Sky rocketing of a company share price in short period usually will draw market attention hence triggered profit taking from investors and traders. This is not the case similar to Genetec company with share volume of only 52m made easier to push the company share price. Dnex is a extremely heavy on its share volume of 3,090m especially after conversion of the company warrants and Private Placement. Hence, the company share price needs time to digest after shooting 450% in just 2 months. I've seen many groups and gurus keep shouting on this company recently in telegram with their analysis of breakout from the triangle chart pattern (although I expect them to do thorough and meaningful chart analysis instead of just saying breakout from triangle chart pattern as I think most traders also know how to see lol). I don't know they are real investors or just want to speculate on this counter since the company share volume is real heavy but hopefully the market will soon treat it as a company with fundamental but not penny stock. For the past 8 months, the share movement have went through 5 contractions/sell-down and every contraction kept narrowed as follow (refer to chart as well): -39.41% in 56 days -29.56% in 27 days -17.73% in 22 days -12.84% in 12 days -6.14% in 4 days The figures shown above are showing diminishing supply characteristics with decreasing volatility (refer to volume based on 20 MA showing downtrend line since March 2021) and it fulfill the characteristics of Volatility Contraction Pattern or VCP. Characteristics of VPC 1.) Strong Underlying Demand; 2.) Overbought comes with Strong Selling Pressure; (Demand < Supply) 3.) Diminishing Supply Characteristics; 4.) Decreasing Volatility; 5.) Explosive Breakout (Demand > Supply) Also to notice the chart pattern kept forming higher low and also with lower high but recent chart pattern seems want to form higher high which is a good signal for the share movement. Nobody will know how's the share price movement in future but in order to in tact with the ideal chart pattern, the share price must be supported at 0.82 & 0.80. VCP is a very common theory in share market and everyone in share market also knows it. Most of the time the movement of a share price will not follow exactly the theory (sometimes the chart pattern too perfect I will scare also haha) we learnt so do your risk management before enter a trade but hopefully it will works this time (been tortured for so many times in counter as an investor haha).
MYX:DNEXLong
by WilliamKong91
Told you so (TOPGLOV chart updates)Following up with my earlier post, MYX:TOPGLOV is moving as expected towards the RM2.30 area first, with some possible support at RM2.00-RM1.80 region. Just would like to highlight that the "Dollar-cost-averaging" method only works with uptrending stocks. When you encounter stocks that are in an underlying downtrend, implementing the averaging down method will only cause more hurt than gain. P/S: I do not rely on income statements, balance sheets or market news. In my opinion, the information the charts present is sufficient to easily tell the probabilities of the stock moving in which direction.
MYX:TOPGLOVShort
by Richkierich
Mahsing (BURSA WK44 2021)Bottom build up (higher high & higher low) is completed, and price is already above MA5, 10, 20 and 60. Last friday closing, its price has slightly drop but the bullish trend is still going unless the price is unable to cross @0.84. There has a resistance at 0.84 level and consolidation between 0.81 to 0.84 which is also a resistance zone. ==================================================================================================================== I am a profitable trader, here is the watchlist for BursaMalaysia Market. -TGL Engineered Excellence-
MYX:MAHSINGLong
by ginlin84
SAMCHEM (BURSA WK41 2021)Bull trend is on going, each reversal also can be rebound at MA20. 0.92 is the entry point with high volume. Resistance line 1 & 2 is respectively 0.975 and 1.03, taking profit will be observed if it could break out resistance lines. MACD and Stochastic also appeared "golden cross" signal. ============================================================================================================= I am a profitable trader, here is the watch-list for Bursa Malaysia Market. -TGL Engineered Excellence-
MYX:SAMCHEMLong
by ginlin84
1
ANCOM (BURSA WK43 2021)First uptrend finished, price breakout the box which consolidated 1 to 2 weeks. There is two possible entry trade coming days: (1) Breakout Entry, follow the strong uptrend with volume. (2) Wait price retrace and a confirmation of rebound. Since no resistance line on top of price, taking profit target can be set above 2R unless price appear huge bear candle with high volume. Initial stop loss set at recent low 2.40 or 2.52 (short term trade). ================================================================================================================================ I am a profitable trader, here is the watchlist for BursaMalaysia Market. -TGL Engineered Excellence-
ALong
by ginlin84
EWINT (BURSA WK42 2021) Price is slightly boost up from a bearish trend since June 2021. A potential uptrend forming, it can be having two possibility entry points for us: 1. Breakout the recent higher level @0.52 and price will keep up. 2. A retrace after breakout or pressed by 0.52 resistance level, entry trade when rebound. ================================================================================================== I am a profitable trader, here is the watchlist for BursaMalaysia Market. -TGL Engineered Excellence-
MYX:EWINT
by ginlin84
NYLEX (BURSA WK42 2021)After a long consolidation since May till Sept, price was started boost up at 15 of Sept. Stage 1 is completed, and Stage 2 - Uptrend is on going. A trade reversal retracement at 14 Oct and 15 Oct is a confirmation day. Bullish candle with volume (1.2x average volume), Stochastic golden cross at 30. Initial stop loss at 1.10 recent lower level. Target profit 1.35~1.40 with 2R if can cross up resistance line at 1.26 ============================================================================================================================================= I am a profitable trader, here is the watchlist for BursaMalaysia Market. -TGL Engineered Excellence-
MYX:NYLEXLong
by ginlin84