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TOPGLOV Short term view : Beware of retraceA recent price hike in TOPGLOV gives confidence to many long term holder on a rebound. However, for anyone who are looking for average up their position or try to catch the price up might want to hold on to it first. Because the price movement shows signs of big boys getting ready to cash out fraction of their shares. (Same price & volume action we mentioned in our previous post on HARTA.) From the price movement on 14th Nov shows the big boys are attracting buyers with high volume while price have little upside or moving sideways. You can view the image below for the 5mins price movement on 14th & 15th November. (15th November) Today's intraday price movement starting to show sign of big boys selling shares lower to investors who park at the buy queue. This is a sign of a short term retracement is on the way. Based on our view, it is better to stay aside & watch how far the retracement will go. We continue to monitor the timing of the big boys done selling & start a new round of price up later.
MYX:TOPGLOVShort
by ROUNDnSURGE89
Retrace After Triangle BreakoutSYSCORP shows triangle breakout 2 with high volume on 1st NOV 2022. This technical signal will attract many technical traders entering into this stocks. However, from the 5 mins chart of 2nd Nov shows some selling with high volume, together with high volume price not marking higher. This usually happens when the big boys are getting ready to dispose some shares to investors who park their buy orders at the lower buy price. From our point of view, we see the stock price may have a retrace in the upcoming trading days.
S
by ROUNDnSURGE89
Nasdaq100 Simple Chart AnalysisFor tech sector, we might have a repeating pattern to play here as current movement seem going a 3rd attempt to break those red arrow resistant area. If those area break, tech will be in play here. Well, this seem a positive sign from FOMC? My Market Outlook. Way back to 2018, there is a consecutive heavy drop for 3 months & market regain its strength on mid Nov. Will this miracle happen again cause we are very near to Christmas month. Well, this is just a recap as no one really knows what will happen to the market tomorrow. Back to reality, market is still digesting Feds rates which is very close to 5% if this hike expectation was at 4% follow by another 0.5 on Dec. Can this hike rates able to kill off the inflation rate? Is very important on these data to analyze the market direction. Keep monitoring all this as it will come to a conclusion cause market drop are factoring in the worst hike ever happen in history. Once Feds slow down & give the 1st cut forecast, bull will be alive for the entire market ! Most important is everyone still alive here 😃. This will be our once a life time rebound opportunity. Reserve as much cash as possible.
OANDA:NAS100USD
by FFCloud
Selling pressure is in HARTA *refer to the image link* Today HARTA is trading with high volume at the high price in the morning, while price is not marking higher. This indicates the big boys have no intention to mark the price higher & a price retracement is on the way. High volume price down happens around 11:40 & 12:15 shows the selling pressure is in. We see a few glove makers are having the same price & volume movement. Today shows the first day of high volume sell down within the day. We expect price retrace in the next few days.
MYX:HARTAShort
by ROUNDnSURGE89
KLSE : Precise Rebound Analysis with 5 mins chartTo time a perfect rebound for trading, common technical analysis is not going to help much. Due to the signal is always late, causes our entry at the high price & price fall after that. Common technical analysis often use average price & volume for indicator or price up with high volume , which the big boys often use this method to attract investors attention for them to take profit. If we want to make rebound trade or find the bottom of the price, we need to know WHEN will the big boys markup the price & WHAT kind of price movement the big boys will transact before the markup. We find price bottom very different from the traditional analysis, we don't use support line, indicators, nor candlestick pattern. We use a more effective analysis to find the price bottom, by looking at 5 mins chart. Below explanation is 1 of our previous trade in ECOWLD, which we have taken the profit after that. Kindly zoom in to 21st OCT & 25 OCT for visual explanation. *we are not allow to insert image link because we haven't got enough of reputation point* On 21st OCT we can see the 5 mins chart have volume created with price maintaining at the high price. This shows the big boys have intention to markup price the next day. That's where we enter the trade on 25th morning ant take profit on 27th before the price down. Stock price move according to the big boys expectation & every price moves have an intention to attract buyers attention with price mark up. Big Boys will sell fraction of their shares for profit when there are enough retail investors place buy orders at the lower price. That's the reason for price retrace in an uptrend. Big boys in KLSE often have this price movement before any short term rebound. By understanding the big boys operation style, we will know the next day price movement before the price fall or up.
MYX:ECOWLD
by ROUNDnSURGE89
KLSE Advance Analysis : Price BottomDisclaimer : Opinions below are based on our own analysis & for educational purposes only. It does not constitute an offer to buy or sell securities mentioned herein. Viewers/readers should do their own research & studies before investing. Round & Surge or its associates are not responsible for any trading or investment losses incurred. We often analyse daily charts for stocks in KLSE. This is because the stock prices in the 5 mins chart are not as "beautiful" or well formed as the daily candlestick. But not for us, we find the most important information of the big boys next move are shown in the 5 mins chart & their transaction data. Although there aren't well-formed candlesticks in the 5 mins chart, analysing the price & volume flow will help us to understand more about the current intention of the big boys, whether there will be a price pause or continuation of price in the short term. Example in this stock we can see the price down in the daily chart on 21 October 2022, which many retail investors who bought at the higher price for their own reason would have been panicking. They could be Google-ing for the answer of the price fall (Often we don't find any reason for its price action.) and wondering whether the price will fall further? Traditional way to look for a price bottom is either by the guts feeling of "is too low to go lower" or using the technical support. Finding where the next support & watch whether it will rebound. To find the bottom of the price, we will need to look into the 5 mins chart to analyse where the major volumes are created within the day. *kindly open the 5 mins chart of 21 OCT 2022. Not able to post 5 mins chart in idea* We can see the volumes are mainly created at the day low from the 5 mins chart, which shows multiple high volumes but price is not moving lower. If the selling pressure is high, the price should go down lower instead of staying at the same price. From our point of view, this price & volume action is a sign of a pause in price fall or the price fall is softened. But this is only a PAUSE, it is not showing signs the price will have a markup or rebound. We will need to wait for the big boys to show us that they have intention to mark the price higher to attract buyers in for profit taking at higher price. The price movement now is just indicating there aren't any buyers in the market for the big boys to sell their shares. *Note : a pause in price is not a signal of rebound, the price might stay sideways within a price range & continue to fall. For short term traders, always wait for the big boys to show us that they have intention to mark higher. It is always about the best timing, not the best entry price. When will the price markup? We will have to continue monitoring the price movement after this for price & volume actions that show the big boys are ready to mark higher. How far will they mark the price up will depend on how soon the big boys distribute their remaining shareholding. Visit our website to find out more about our upcoming webinar to learn the detail price & volume analysis for KLSE!
MYX:HLT
by ROUNDnSURGE89
AEON(6599) BHD OUTLOOK 13/06/2022AEON BHD has expected an potential outbreak because of following points:- Leading supermarket stores with 34 AEON stores, 28 AEON Mall, 21 AEON BiG, 9 AEON MaxValu Prime, 65 AEON Wellness, 42 Daiso and 3 Komai-so throughout Malaysia. Focus on digitization, innovation and sustainability through your path to sustainable digital transformation on your online platform myAEON2go. Retail sales will continue to be driven by a special option of withdrawing RM 10,000 from the Employees Provident Fund. Technically, traders may anticipate for a potential breakout above RM1.56, targeting the next resistances at RM1.69-1.75 with long term target set at RM1.80.
MYX:AEON
by OAurthor
AEON(6599) BHD OUTLOOK 13/06/2022AEON BHD has expected an potential outbreak because of following points:- Leading supermarket stores with 34 AEON stores, 28 AEON Mall, 21 AEON BiG, 9 AEON MaxValu Prime, 65 AEON Wellness, 42 Daiso and 3 Komai-so throughout Malaysia. Focus on digitization, innovation and sustainability through your path to sustainable digital transformation on your online platform myAEON2go. Retail sales will continue to be driven by a special option of withdrawing RM 10,000 from the Employees Provident Fund. Technically, traders may anticipate for a potential breakout above RM1.56, targeting the next resistances at RM1.69-1.75 with long term target set at RM1.80.
MYX:AEON
by OAurthor
RESINTECH BHD OUTLOOK 21/04/2022RESINTECH BHD :- After a continue uptrend movement now this counter is expected to shoot up to a point 1.19 and recently break the resistance of 1.130 and is indicating to move up and if breaks the next resistance of 1.190 then can make a new high of 1.220. It is making a candle chart formation of breakout pullback formation and the entry point is 1.100. Resistance:- 1.130,1.190. Support:- 1.040,0.960 The Relative Strength Index (RSI) :- 59.49 Can be a good option for a Long Term Buying.
MYX:RESINTC
by OAurthor