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Haily Group Berhad (HAILY)Haily Group Berhad (HAILY) Trend: The stock is in a strong uptrend since March 2024. The price has been consistently making higher highs and higher lows. Moving Averages: The price is trading above both the short-term (likely 20-day) and long-term (likely 50-day) moving averages, indicating bullish momentum. Support and Resistance: The most recent high around 0.935 MYR serves as the immediate resistance. Support levels can be seen around 0.800 MYR and 0.720 MYR. Volume: There's been a significant increase in trading volume since June, suggesting strong interest in the stock. Price Action: The stock recently experienced a sharp pullback from its highs, which could be a healthy correction within the uptrend. Bollinger Bands: The price has been trading near the upper Bollinger Band, indicating strong momentum but also the possibility of being overbought. Relative Strength: The stock has shown considerable strength compared to its performance earlier in the year. Potential Patterns: There might be a small bull flag forming after the recent pullback, which could suggest a continuation of the uptrend if the price breaks above the flag. Overall, the technical indicators suggest a strong bullish trend, but the stock may be approaching overbought levels. Traders might watch for a potential consolidation or further pullback before considering new entries.
MYX:HAILYLong
by Sahrin
ICON Offshore Berhad (ICON) Trend: The stock is in a long-term uptrend since June 2023, with higher highs and higher lows. Price Action: Currently trading at 1.09 MYR, down 7.63% on the day shown. Moving Averages: The price is above both the short-term (likely 50-day) and long-term (likely 200-day) moving averages, indicating bullish momentum. Support and Resistance: Key resistance level around 1.20 MYR Support levels at approximately 1.00 MYR and 0.90 MYR Volume: Spikes in volume are visible at key price movements, particularly during rallies. Volatility: The stock has shown increased volatility since April 2024, with wider price swings. Bollinger Bands: The price has recently touched the upper Bollinger Band, suggesting it might be overbought in the short term. Recent Performance: Despite the current day's drop, the stock has shown strong performance over the past few months. Potential Patterns: There might be a small double top forming at the 1.20 MYR level, which could indicate a potential reversal if confirmed. Overall, the stock shows a bullish long-term trend but may be experiencing short-term resistance and potential consolidation. Traders should watch for a potential breakout above 1.20 MYR or a deeper pullback to support levels.
ILong
by Sahrin
SYGROUP CONTINUE MARKUPA classic Accumulation pattern of Rising-bottom #2 as mentioned by the late Dr Hank Pruden As Demand going in by the evidence of Vol (Black arrow) Price going up THis is basically an increasing effort with increasing result , always an indiciation of positve demand influx (2nd Wyckoff Law) In view of that, i am humbly initiated a position as attached Pure Wyckoff , Anything can happen **there is still a lot of potential upsde ( 3rd Wyckoff Law, Yellow Arrow)
MYX:SYGROUPLong
by drsyariz
WILL CRESCENDO CONT ITS MARK UP?This is a continuation from previous analysis of Crescendo (Refer Link Below) As price Tightening Approaching the Creek, Supply seems to shrink. All these occurs in the background of High /Huge Vol of Supply PRobably this is An Absorption which is on going (Hallmark of Absroption) I am a bit concern with the Bar & its Vol on (Black Arrow) : 1/ 12 jun 24 2/ 28 Jun 24 - So far, demand still not showing interest overcoming these area In view of that, i let the market to prove me wrong Position initiated as attached Pure Wycoff, Anything can happen
MYX:CRESNDOLong
by drsyariz
ITMAX CONT MARK UPThis is an Atypical Re-Accumulation pattern 1/ Price lingering around Buec Area 2/ Vol : -Demand going In -Supply Evaporating 3/ Bascially fulfilling all Wyckoff Buying Criteria Thus, with the assumption that the price going to Break-Out Buec Area , Position initiated as attached Pure Wyckoff, Absolute **This is a Classic Wyckoff Plotting, Especialy with Creek , which was introduced whom considered as a legend among true wyckoffian, Bob Evan ***Probably the price will reach @ 3.17 before ChoCh (Change Of Character) taking place
MYX:ITMAXLong
by drsyariz
SMRT GOING TO MARK UPThis is a pov from Pure Wyckoffian perspective Few points why i am interested with this stock to trade : 1/ The line yellow marks the transition of from non trending to Trending environment in which wyckoffian term as Change Of Character (ChoCh) 2/ The zone of contraction , in which David Weiss talks in - depth about it (Introduce by Toby Crabel) -As pointed by Red Arrow -This is the point where i iniated my Entry 3/ Yellow Line which indicates the Creek (Introduced and popularized by Bob Evans) -breaking out of Creek, a typical of JAC (Jump Across The Creek) in view of that, i attached my position ** Entry @ 2 points : 1/ rm 1.02 2/ rm1.08 Risk always be respected Pure Wyckoff, Anything can happen
MYX:SMRTLong
by drsyariz
Gtronic - QR soon, will it be positive / negative?Price was closed below Hull MA. Stochastic and RSI are at oversold area. Broken few supports, and drop above -19% Possible rebound? Yet have any confirmation. It's important to remember that oversold / overbought conditions do not necessarily mean a reversal is imminent. They can sometimes indicate the strength of the current trend. 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:GTRONIC
by DSELE99