IPMUDA (TP HIT and reverses big time) Told you soMYX:IPMUDA touches target area and reverts down big time. The power of charting.
Well done if you have taken profits.
Bursamalaysia
CONTINUOUS RALLYNext supply zone to look for is 0.645. that is around 24 bits from recent demand zone.
IPMUDA (Follow up): Uptrend inline with expectationsFurther to my mid September post on MYX:IPMUDA , prices are moving nicely upwards after breaking the RM1.51 trigger. Targeting near the RM2.00 psychological resistance next but it is always good to use a trailing stop while letting profits run.
Some may also prefer to take some profits off the table while letting the balance of the position run with a trailing stop.
Congrats and well done.
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.
BURSA possible ONLY done correction at ≈ RM6. 2/11/21 BURSA price breaking previous low, price might down to around RM6.00 before completing its correction. RM6.00 is the :- 1) Next "peak" of Market Profile 2) The Lower Trend line ( Red) of parallel channel 3) Next Major Demand Zone
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.
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D&O is a triangle pattern D&O is a triangle pattern, wait for the breakout to confirmation the next trend, my first target is rm6.15 and second is rm7.00
RUBEREX: 0.58 as the key support areaMYX:RUBEREX has reached a key support area which is critical, breaking below this RM0.58 area will likely mean further downside for this name.
Next support all the way down to RM0.30. Good luck.
*If we could just accept that the trend has changed way back in Nov'20, it could have saved 70% in losses.
VITROX getting ready to scale fresh peaksMYX:VITROX is looking set for a surge to the upside again, possibly to reach another new high upon breaking and staying above 19.16.
Possible targets 21.40 and then 22.16
If you are interested in knowing why and how, drop me a message.
Another round for FKLI?MYX:FKLI1! could be headed for another round to the upside IF it manages to break above 1606. Keeping stops tight at 1602.5 with a target area of 1618.
Good luck.
TSLA is looking bullish; $840 target?NASDAQ:TSLA is look really bullish around here and looks like it has momentum for further upside to the $840 region.
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.
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I am a profitable trader, here is the watch-list for Bursa Malaysia Market.
-TGL Engineered Excellence-
RGTBHD (BURSA WK41 2021)
Reversal at MA20 with high volume, higher high and higher low is completed.
Resistance line at 0.525 which is taking profit target as well.
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I am a profitable trader, here is the watch-list for Bursa Malaysia Market.
-TGL Engineered Excellence-
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).
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I am a profitable trader, here is the watchlist for BursaMalaysia Market.
-TGL Engineered Excellence-
OPCOM (BURSA WK43 2021)First uptrend finished, price rebound after cross down MA20 in 2 days with high volume.
Price closed above MA20 as confirmation day for entry trade.
Initial stop loss at 1.11 and target profit 1.755 with 2R which near to resistance line @1.795.
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I am a profitable trader, here is the watchlist for BursaMalaysia Market.
-TGL Engineered Excellence-
ANCOM - Trading OpportunityMYX:ANCOM
Trading opportunity detected and added into watchlist. Based on the following criteria:
Good support above EMA lines.
Daily MACD golden cross.
Ichimoku cloud getting wider.
Entry support at RM 2.66 and holding.
Good volume to indicate momentum.
SIMEPROP awaiting breakout to the upside MYX:SIMEPROP has seen some very sideways ranging action in recent weeks.
Targeting an initial area of RM0.78 IF prices are able to break above the current RM0.665 resistance area.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
FKLI headed higher on the 1HMYX:FKLI1! is looking to head higher IF it breaks and maintains above 1597.5 on the hourly. Targeting firstly 1608, and then 1614 thereabouts.
Good luck
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.
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I am a profitable trader, here is the watchlist for BursaMalaysia Market.
-TGL Engineered Excellence-
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
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I am a profitable trader, here is the watchlist for BursaMalaysia Market.
-TGL Engineered Excellence-
POSSIBLE REVERSALbintai is now officially testing a recent demand zone area. if manage to hold it will bounce to the recent supply zone. If fail, it is moving back to the major demand zone.
