A Divergent Signal!The candlestick indicates a divergence signal where the price closed above the MA line compared with previous candlesticks without significant results in volume. Therefore, an attempt to push the price towards next price peak resistance with low volume.
MACD and RSI indicators indicate a positive trend, hence, support the price movement towards next price resistance.
Let's save UMC in WL and watch out for significant price movement with result in large volume of stock been traded.
R 0.685
S 0.620
Good risk rewardsRisk just only 2% vs potential gain 10% and more.
With the Berapa Rugi? indicator we know how much risk in ringgit will be
Example shown with;
Capital RM10k:
Risk rm206
Gain rm1057
Capital RM100k:
Risk rm2060
Gain rm10,570
With the known risk rewards, means that we are ready to take the opportunity with the minimum risk.
Even if we failed, we are still ok because we had decided that in the first place.
THplant reboundEntered into our momentum zones but candle still yellow. Because yellow can slow down and turn to red lights
If price break and maintain above 0.785 it will be interesting and that turns the bar into green
Potentially for long term play.
Nearest resistance is 14%
While long term resistance is probably 25-50%.
If it can break 1.17 then they will be another 114% space
Short term risk is 4% but you have another mid term risk <10%.
A part from that the distance to top resistance is a bit less which less than 15% where is quite good.
Somehow may retest 200ma and we need to beware of that also.
#This is not a buy call.
Just telling the technical aspect of what its all about
Like a car seller telling the spec of the car.
I.e a car can speed up 100kmh in 6 seconds and this the price.
Its up to you if u like it or not its your own choice
Some people may not interested to speed but steady stable and comfort
For those who read plz press the boost button so i know somebody is reading.
Otherwise i expect this site is unaware of many people
Pwrwell moving toward 0.38sen first resistanceAfter a long wait (recently short of patient due to heat wave), this stock counter finally launch the rocket.
The first resistance now is 0.38 and we will continue to monitor if it can go even further.
Disclaimer: everything share here is just my personal opinion for educational. No recommendation to buy or sell. Happy Trading!
KJTS, still will push?>> stochastic OS
>> Price below Hull MA red
>> RSI still OB
Potential strong rebound at 0.555 area?🧐
Buy and sell so you can sleep better at night. But if you lose your sleep after you buy or sell. Then have to evaluate why you buy or sell....🤔
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.