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Quick trade for Range Trading (Ho Hup; 5169.kl)Stock code: 5169 Stock name: Ho Hup Construction Company Screener: 18LC for 29 Mar 2019 Observation date: 31 Mar 2019 Observation: a) Price & Volume: - Price: Mixed w/ wide spread mostly on upbar. - Volume: High vol on upbar. b) Market Stage: - Price is still in Accumulation stage (S1). c) Trend Line: - Price is moving within a Trading Range since Mar'18. - Before this, it tried to break Resistance Line (end Jul'18) but failed. This is due to alot of sellers (Supply) in the market as we can see from the ultra high vol. - It then went down to the Support Line to 'washout' weak hand holders before moving back up into the Trading Range. Remarks: - We can see that there is still supply with the recent ultra high vol on 29 Mar'19. - Price may make another attempt to wash and test supply before breaking the Resistance Line. - In the meantime, traders can make quick profit can be made through short term trading (provided setup is good).
H
by mdalifalwi
CMS ready to take off? (Cahya Mata Sarawak; 2852.kl)Stock code: 2852 Stock name: Cahya Mata Sarawak Bhd Screener: 18LC for 11 Mar 2019 Observation date: 12 Mar 2019 Observation: a) Price & Volume: - Price: Low to average spread on the sideways with wide spread on upbars. - Volume: Low vol. on average price spread with high volume on price upbars. b) Market Stage: - End of Accumulation stage (S1) soon and possible beginning of Mark Up stage (S2). c) Trading Range: - Price is trading within a Trading Range (since end May'18 till to-date). - At the same time, we can see a Symmetrical pattern appears with peak and bottom at Point 1 - 6. d) Resistance & Support: - Price is well supported at Support Line 2. - As of today, price closed above Resistance Line 1. - At the same time, it closed higher than the previous bar, hence nullifying UT. Remarks: - As we can see, price has broken above the top side of the Symmetrical pattern. - If price holds and close higher, this means market decided to move the price higher; a beginning of Mark Up stage (S2). - Hence, we need to see a few bars to confirm the breakout.
MYX:CMSBEducation
by mdalifalwi
Akan Datang? (Crest Builder; 8591kl)Stock code: 8591 Stock name: Crest Builder Holdings Bhd Screener: 18LC for 11 Feb 2019 Observation date: 11 Feb 2019 Observation: a) Price & Volume: - Price: Average spread with wide spread on upbars. - Volume: Low vol. on average price spread with high volume on price upbars. b) Market Stage: - End of Accumulation stage (S1) and beginning of Mark Up stage (S2). - Price did make an attempt to break Resistance Line 1 (RM1.07) but failed. c) Trading Range: - Price was trading within a Trading Range (between Dec'17 to mid-Feb'19). - As the time of writing, price is waiting to break Resistance Line 1. d) Resistance & Support: - Price made a Triple Bottom (within the Trading Range) before breaking then Resistance Line (now Support Line 1). - It then make a pullback with support above the Support Line 1 before breaking then Resistance Line (now Support Line 2). - At the time of writing, price closed at 5% gain with the close near to Resistance Line 1. Remarks: - This chart resembles a classic Wyckoff conceptual map for S1. - Price may attempt to break Resistance Line 1 in the next few bars and make a pullback before moving up. - If this succeeds, it will be the beginning of S2. - We noticed that price went parabolic upmove before going down within a few days in mid-Nov'18. For knowledge purpose, we can say that Smart Money is testing to see if there is any sellers at that price. For trading purpose, traders should be cautious when price went parabolic.
CEducation
by mdalifalwi
1
An end to a rally? (Johore Tin; 7167.kl)Stock code: 7167 Stock name: Johore Tin Bhd Screener: 18LC for 8 Feb 2019 Observation date: 10 Feb 2019 Observation: a) Price & Volume: - Price: Wide spread on upbars. - Volume: High volume on price upbars; 1 ultra high vol (need to be caution). b) Market Stage: - Mark Up stage (S2) after more than 8 months of sideway movement. c) Trading Range: - Price was trading within a Trading Range (between Mar'18 to early Jan'19). - As the time of writing, we can see that it is trading on an Uptrend. d) Resistance & Support: - Price broke the then Resistance Line (now Support Line 1) and make a pullback before start moving upwards. - Along the way, price make few pullbacks to rest before moving up. This can be seen in the Support Line 2, 3 and now 4. - Price is now trying to break Resistance Line 1 and is currently making a pullback below Resistance Line . Remarks: - We see an ultra high vol. on 27 Feb'19 and the price bar closing on the lows. This is a sign that we need to be cautious. - Price may go sideways before going up or down. To move up, we need to see more SOS; to move down, we should see the price bar not able to close higher than the previous high. - Those who already buy this share would need to take note and review their trading plan. For Bahasa Malaysia version, click on the link below.
AEducation
by mdalifalwi