KLSE in a caution trade.Due to this longer pandemic, no body will know until when this will last. Malaysian government, is very caution for the economy. Total lock down will make economy more worsen , and hard to awakening. The pattern is likely to challenge all the supports, but if there is a high demand of economy ... perhaps the trend will obey the uptrend channel.
KLSE
<TradeVSA> Strong Support before Uptrend ? LKLSign of Strength in the chart:
1. High volume Line Change
2. Double NS signal
3. Low volume near 20/40ma
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Bullish Reversal if CS Close with High VolumeDNEX try to do reversal from bearish to bullish . Later, confirm the reversal with volume . High volume means buying pressure. Once the volume increase, sooner or later DNEX will fly steadily. History repeat itself.
Disclaimer: The idea is just for an educational purpose only. TAYOR.
Monitor price close above 1.60Currently, price rebound from pivot point and close above EMA7. If price close above 1.60 , TP = 1.65.
TF: 2-4 weeks.
Disclaimer: TAYOR.
CIMB possible cup and handle patternCIMB supporting at this MA area, and it has possibly forming an uptrend cup and handle pattern.
Looking at the financial sector / fbmklci, there's a possible rebound.
If this zone confirm the support, possible TP will be at 4.95, 5.26, 5.6
The supporting price is at 3.8.
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2nd swing trade entryUzma testing on the new support/ higher low.
The support fall on the long-term downtrend resistance(blue line), now become the uptrend support.
Will be testing the previous high again @ 0.895
TP : 20% / 0.895 ++
SL : -10% / 0.665
Risk reward ratio = 2++
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Disclaimer
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2nd entry and possible ATHEarlier we have an entry signal for this, reach the TP and successfully close it, now it fall on the support line where selling pressure is low.
Price action and volume , showing buyers' power increase.
Risk reward ratio = 1.38
TP = RM1.40 / +20% or more
CL = RM1.03
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.