Ascending Triangle Pattern @ DPHARMA1. Ascending triangle pattern can be seen
2. Price always bounce at the pattern support.
3. No abnormalities can be seen in volume, RSI and OBV.
4. Potential RR ratio is 2.5:1
Malaysiastocktrading
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
FINANCE: Possible End of CycleFrom 2003 to 2018, each cycle from peak to peak for FINANCE index lasts between 36-46 months. Recent high in early May 2022 is equivalent to 49 months.
Other indicators:
- Negative divergence on monthly chart (CCI)
- Similar negative divergence also appear on the monthly chart for big caps like PBBANK, MAYBANK, HLBANK, CIMB.
Down for now, Buy again at a discounted PriceMy view on TENAGA, price will be floating around $7 to $5.8 ish, looking for "big shark" purchase power around that area before it continues to go up. Fyi, TENAGA is one of my choice in term of 'dividend growth' investment. I will be looking to buy when I see weaker bearish. -FIN
FIB PRICE CLUSTERS : potential support shown and testedP 1.0 : 9.10 A
E 1.618 : 9.35 B
E 1.618 : 9.33 B
E 1.272 : 8.94 A
P 1.0 : 9.08 A
Two clusters (A and B) based on multiple fib relationships, methodology based on Carolyn Borden.
CHOOBEE To Start to Fly?MYX:CHOOBEE
Technical Analysis
MA 12 crossing up MA26
MACD super buy signal
RSI above 50%
ADX buy signal
Trading plan
Buy price: $1.93 and below
Cut loss price: close below $1.75
Cut loss %: 9.33%
R:R ratio: 2.72
Disclaimer: This is not a buy call. I am sharing my analysis only.
Trend Rider 231. Weekly uptrend EMA 10> EMA 30 > EMA 200. Start to make WAve 1 after correction?
2. H4 now in Wave 4, where reversal signal (hammer then bullish candle) spotted at 0.382 Fibo level. Also an RBS.
3. Isaham score 13.3 WAFV RM8.84, i3 ATP RM10.03
LEONG HUP INT: Nearing end of accumulation, pending breakoutVCP pattern with reduced volatility over the past 8 months. Possible breakout to the upside as trading price narrows towards the pennant tip
HEXZA 3298 Momentum BreakoutStudy...based upon Volume Price Spread Analysis and Momentum
HEXZA has shown Breakout with Momentum
Close: 1.17
EP: 1.19<
SL: 1.02
TP: 1.45/1.73/open
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
TOPGLOV - BULLISH IMPULSE SOONWith coronavirus outbreak in 2020, glove stocks have seen immense upside.
However, since August 2020 until now (April 2021) - it has been in a lengthy correction as if there's no hope left and uncertain whether or not glove stocks could still perform in the future.
Utilizing Elliott Wave Theory, it is likely that we are about to complete a Flat Correction (A-B-C) with Ending Diagonal.
Breaking above 5.520 will likely imply that the bottom is in, and we could easily see a conservative target of 10.00
This is purely from Technical Analysis perspective, disregarding its fundamentals.
Predicting price for rebound --- fib extension from pullbackLIKELY SCENARIO
-- Price rebound from bearish price target @ 0.59~0.60
-- derived from 150%~161.8% fib of MINOR pullback during drop
-- Bearish price target confluent with MAJOR pullback during drop @ 0.59->0.71
LESS LIKELY SCENARIO
-- Price rebound from bearish price target @ 0.52~0.54
-- derived from 150%~161.8% fib of MAJOR pullback during drop
Money Making Stocks during Market Correction While the market was having sharp reaction and lots of technology stocks were beaten down badly, these 4 stocks outperform the market and show leadership.
Let's analyze the price structure together with volume spread analysis (Wyckoff concept) on these 4 stocks MYX:AEON , MYX:ANNJOO , MYX:HIBISCS and MYX:MYEG with potential low risk entries at the key levels.
TOPGLOV Stock BUY/LONG IDEA THOSE WHO WANNA BUY TOPGLOVE STOCK, WAIT FOR THE PRICE TO GO IN THIS AREA BEFORE BUYING, IF PRICE CONTINUES GOING UPWARD, WE WAIT FOR RETRACEMENT
FKLI TRADING : 219)LOOK LEFT, STRUCTURES LEAVE CLUES!this is trade 219 frm haidojo trading...
Look into the daily chart and you will see this thing, in the past...yes, I know. What happened in the past doesn't guarantee to happen in the future rite? but that is the only reference we have so far...if I have a YT channel, I can probably explain in detail...
fkli-nov has been grinding into the selling region ranging frm 1590 - 1620...you can see it frm the past daily chart...
so, either we wait for breakout to the either side before we jump in again...or trade sideway...that means advanced patterns if they appear...
*plan your trade and trade your plan... gud luck*
resistance : 1590-1620
temporary support : 1585
support : 1540-1560
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 216)long on pullback/retracementthis is trade 216 frm haidojo trading...
" stay away and wait for coming opportunity if you juz miss this..."
if this was what had happened to you earlier, does it make sense to try to enter the trade right now?
well, depends on your trading plan, ok?
about the structure level, got something to share here...
a breakout frm the recent higher-low and forming a new lower-high/higher-high tell us the the trend has changed...
so now we reverse to long on pullback/ retracement...this is one of the most straight-forward and simple strategy...
*plan your trade and trade your plan... gud luck*
resistance : 1615
immediate resistance : 1585
support : 1540-1560
lower support : 1524-1520
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 215) waiting for breakout tradethis is haidojo and the number is 215 ...
the price is approaching the resistance level at 3260-63...waiting for the breakout and ride on it...hahaha...
if you dun trade breakout trade, then dun go for it...
*plan your trade and trade your plan... gud luck*
resistance : 3350 - 3414
immediate resistance : 3200-3260
strong support : 3100-3120
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ
Oct26 - FKLI (1D) - Breaking 147x Will Mean Plunge to ~1400 🐻📉Well-positioned to the downside.
Waiting to add if a bounce to ~150x take place...
RISK FACTOR❗️
Political uncertainty
Further deterioration of COVID wave2
Targets: S3 (138x-140x) / S4 (133x-6x, need strong bear to reach)
Time Target: End-Nov / Early-Dec
Happy Hunting! 🥂🚀
-jk-
Oct05 - FKLI (1D) - Sideways Down, Consolidate btw 148x-152x 🐻Overall, still Bearish on the big picture, just taking some time -- it's FKLI ☺️🤷🏻♀️
Watch support like a hawk, S @ ~148x ❇️
Also note: Risk of gloves FOMO, since COVID starts spiking again, somewhat a Bullish factor for the index.
Happy Hunting! 🥂🚀
-jk-
Sept09 - FCPO (1D) - Mild Bullish Above August Sideways Box...August sideways box, ranging roughly btw 2600-2800 zone has been broken, and recent test shows price chosen to stand above it aka bullish.
Immediate resistance is near, R1 @ ~289x-291x ; while new support is formed, S1 @ ~278x-280x .
Sideways-Up situation for me...
Staying above immediate UTL, L1, may send price higher above >2900
Else, we may be in another consolidation range, trading within S1-R1 range.
My latest mobile updates available on TeL egr am ;)
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
FCPO TRADING : 152) UPTREND PERSISTShi, this is haidojo trading and the number is 152...
As what I had said yesterday, today is a critical level for confirmation of uptrend...
we can see today, new structure high and higher high is produced...so, "long on retracement" is the best strategy now...
"buy on dip" is another way of saying this...until new structure low is formed...ganbateh...
higher resistance : 2900
immediate resistance : 2810-2825
support : 2760
lower support : 2710
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
