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Simple13 Trading IdeaTechnical Setup: The stock is trading near its 52-week low, which suggests it might be oversold. The RSI is also in the oversold area, increasing the likelihood of a potential rebound. Financial ratios show PE at 21 and ROE at 22%, indicating that the stock’s fundamentals remain strong, and it may be undervalued at current levels. Entry Strategy: The buy zone between RM 1.10 and RM 1.16 represents a favorable entry point based on current support levels and the stock’s oversold condition. Profit Taking: If the price rises to RM 1.35, take profit as this represents an approximately 16.4% upside from RM 1.16, a reasonable resistance level in the current market condition. Profit-taking decisions should also consider individual trading goals and risk tolerance. Risk Management: If the price drops below RM 1.00, consider cutting losses, as the pullback could extend further than expected and breach important support levels. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult a professional before making any trading decisions, as market conditions can change rapidly. MYX:CTOS
MYX:CTOS
by Simple13_Trading
PERTAMA : why retailers want collect it?When everyone starts selling off a stock (a major dump by all), it might seem like a good opportunity to buy. However, it's crucial to first avoid stocks that are hitting their limit down. These stocks are often experiencing rapid drops in price, and investing in them could be very risky. So, before jumping in to collect shares, take a step back and make sure you're not rushing into a stock that's in free fall. Patience and caution are key. Buy and sell so you can sleep better at night. If you lose sleep after a trade, evaluate why you bought or sold. Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
MYX:PERTAMAShort
by DSELE99
ASTINO - Looking for strong bullish momentumN wave with E, V, N & NT projection. NT Projection (0.625): This level currently acts as immediate support. The price has tested this level and successfully closed above it at 0.630, indicating a potential continuation of upward momentum. This level is crucial for a bullish continuation; if it holds, there’s room for further upside. The price is testing the Kumo from the lower boundary. Successfully breaking through the Kumo would support a stronger bullish case. The Chikou-Span is above the price, providing additional bullish confirmation. The recent upward move is accompanied by increasing volume, which suggests there is buying interest supporting the price action. Entry: Enter above the NT level at 0.630. Stop-Loss: Set the stop-loss below the NT level, around 0.615, in case the support fails. If the price fails to hold above 0.625 (NT level), this will indicate weakness, and a re-test of lower support levels might follow. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:ASTINOLong
by mg6112
HEXIND - Need continuous bullish momentum P wave, entry on P wave B/O Price to stay above Kumo, indicating a potential bullish momentum. Kijun-Sen is flat, and the Tenkan-Sen is sloping upward, which shows that the momentum might be shifting, but the breakout is crucial for a confirmed signal. The Chikou-Span is just crossing the price, which might support a bullish breakout. The price is forming a contracting triangle with point D at the resistance line (0.445), and the next crucial area is at point E (0.430). The breakout above the triangle pattern’s upper trendline would suggest a bullish continuation. Enter on the breakout at 0.445. Wait for confirmation with a daily close above this level to avoid false breakouts. With an entry near 0.445, stop-loss at 0.385, and TP1 at 0.490, the risk-to-reward ratio is approximately 0.6:1 (for TP1). For TP2 and Max TP, the risk-reward improves significantly. This setup offers a strong risk-to-reward ratio, but it's crucial to watch for a clean breakout above the triangle pattern for confirmation. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:HEXINDLong
by mg6112
BAHVEST - Looking for continuation of bullish momentumY wave, target (E) within stipulated range. N wave with N, NT & V projection. The price is above the Kumo, signaling bullish momentum. The Chikou Span is also above the price, which confirms a bullish sentiment. The Tenkan-Sen has crossed above the Kijun-Sen, signaling a bullish crossover. This reinforces the upward trend. Price needs to stay above 0.585 and could provide a potential entry signal for a bullish continuation toward the V target at 0.620. Consider placing a stop-loss below the Kijun-Sen at around 0.550 to protect against downside risk. R1 - 0.655 R2 - 0.690 S1 - 0.545 (Senkou-span B) S2 - 0.495 The chart indicates a bullish continuation, but it's essential to watch how the price reacts to these resistance levels, especially at 0.655 and 0.690. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
BLong
by mg6112
GENETEC: A Lingering Presence in the Market Despite its recent downturn, GENETEC continues to be a topic of discussion among traders. The stock currently faces support at RM0.800, raising the question of a potential rebound. However, it's important to note that GENETEC remains in a downtrend. Therefore, any potential rebound should be approached cautiously and strictly adhering to FIFO (First In, First Out) principles for managing investments. Additional Considerations: * Market Sentiment: Keep an eye on overall market sentiment and any specific news or developments that could impact GENETEC's stock price. * Risk Management: Always prioritize risk management in your trading decisions. Consider setting stop-loss orders to limit potential losses. * Seek Professional Advice: If you're unsure about the best course of action, consulting with a financial advisor can provide valuable insights tailored to your individual investment goals and risk tolerance. Disclaimer: This information is not intended as financial advice. It's essential to conduct thorough research and consider your own circumstances before making any investment decisions.
MYX:GENETEC
by DSELE99
YTLPOWR, resistance turn support?YTLPOWR appears to have recently seen a key resistance level turning into support? This shift can often signal strength in the stock's momentum. However, should the stock move lower, waiting for a clearer opportunity to re-enter or accumulate might be a prudent approach. The probability here leans on two outcomes: if the new support holds, we could see further upside potential. On the other hand, if the stock dips below this new support, it could signal a deeper pullback, and patience would be required to wait for more favorable levels or a new bullish setup. As always, technical patterns provide guidance, but other factors such as market sentiment, news, or fundamentals should be considered as well. Feel free to share your thoughts 🤔 💭 It's crucial to not only know the right time to buy but, more importantly, to be ready and willing to sell when the time comes! Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
MYX:YTLPOWRLong
by DSELE99
MI Technovation Trading IdeaTechnical Setup: The stock previously rebounded from both the uptrend line and the Fibonacci 0.618 retracement level, indicating strong support. However, if the uptrend line breaks, it could signal a weakening of the bullish trend. Entry Strategy: Buy MI Technovation shares in the entry zone between RM 1.74 and RM 1.90. This range offers a favorable risk-reward ratio based on historical support levels and Fibonacci analysis. Profit Taking: If the price rises to RM 2.75, take profit, as this is a potential resistance level. The upside from RM 1.90 to RM 2.75 represents a 44.7% gain. Risk Management: If the price drops below RM 1.74 or if the stock breaks the uptrend line, exit the trade to manage risk effectively. Breaking the uptrend line could signal a reversal in trend, adding to the sell rationale. Risk-to-Reward Ratio: The upside from RM 1.90 to RM 2.75 is about 44.7%. The downside risk from RM 1.90 to RM 1.74 is about 8.4%. With the potential of an uptrend line break as an additional risk factor, this strategy offers a solid risk-to-reward ratio of 1:5.3, making it a favorable setup.
MYX:MILong
by Simple13_Trading
KUB - Monitor for the price action.N wave with E, N, V & NT projection. Price is hovering at the edge of down Kumo and Senkou-Span B (0.780) as an immediate resistance. The Chikou Span crossing above the candle price showing a bullish signal. Price needs to stay above NT level to keep the continuation of bullish momentum. Considering for entry at above NT level and failing to breakout this level could invalidate the setup. R1 - 0.780 (Senkou-span B) R2 - 0.790 S1- 0.765 (Senkou-span A) S2 - 0.735 Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:KUBLong
by mg6112
Engtex - Need strong momentum to for bullish sentimentY wave, target (E) within stipulated range. Price just crossed Kijun-sen but still below Kumo indicating the bearish sentiment, though a potential reversal may be underway. The Chikou Span is below the price and Kumo, signaling that the bearish momentum might still be in play. After wave (C), the price has been consolidating. The recent upward momentum could push the price toward the Y wave target at (E). R1 - 0.660 R2 - 0.670 S1 - 0.610 S2 - 0.600 A potential breakout above 0.640 could signal bullish momentum for a move toward the Y wave target at 0.660 to 0.670. Given the price's position relative to the Kumo and resistance levels, a cautious bullish approach can be taken if the price breaks above 0.640. However, if the price fails to hold above the Kumo, the bearish sentiment may continue. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:ENGTEXLong
by mg6112
NATGATE - Potential Pullback on the Horizon?The stock has just closed above the key RM1.80 level, maintaining its position in line with the Hull Moving Average (HMA), suggesting some strength in the current trend. However, it's worth noting that the MACD remains in a downtrend (DC), signaling that momentum could still be weak. Investors should keep a close watch for any signs of a pullback, especially if the stock struggles to gain further upward traction. It's crucial to not only know the right time to buy but, more importantly, to be ready and willing to sell when the time comes! Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
MYX:NATGATE
by DSELE99
Simple13 Short Term Trading Idea (KOSSAN)Current Price: RM 2.08 Profit Target: RM 2.30 Buy Zone: RM 1.95 - RM 2.08 Entry Strategy: Start accumulating KOSSAN shares in the buy zone between RM 1.95 and RM 2.08. This range offers a favorable risk-reward ratio. Profit Taking: If the price reaches RM 2.30, take profit, as this area is considered a resistance level or the stock may be overbought, and it might be prudent to lock in profits. This translates to a potential upside of 10.6% from the current price. Risk Management: If the price drops below RM 1.95, exit the trade to limit losses. This sets the downside risk at approximately 6.3% from the current price.
MYX:KOSSANLong
by Simple13_Trading
SDS GROUP BERHAD The stock is in a strong uptrend since mid-August 2024, as indicated by the series of higher highs and higher lows. A noticeable increase in volume has occurred recently, supporting the upward price movement. High volume in the last few sessions suggests strong buying interest, further validating the breakout above the previous resistance around MYR1.15. Support: The previous resistance of MYR1.15 now acts as support. If price retraces, this level may provide some buying interest. Resistance: The current price level of MYR1.23-MYR1.25 may act as near-term resistance, especially since the price has reached the upper Bollinger Band. The recent candlesticks are relatively bullish, showing strong upward momentum. Bullish momentum is strong, supported by increasing volume and the price trading above the moving average. Caution may be warranted due to the price touching the upper Bollinger Band, which could lead to a short-term pullback or consolidation. The MYR1.15 level is key support, while the MYR1.23-MYR1.25 zone could act as near-term resistance.
MYX:SDSLong
by Sahrin