AJIYA trade ideas
Bullish BiasThe share has been working lower for a pullback since early this year, however, there were reiteration of bullish pattern suggesting further movement to the upside if the price could significantly close above the pennant pattern on the two-hours time frame. Resistance is seen at 1.195 and 1.25, and Fibonacci resistance on the weekly timeframe is seen at 1.535. On the flipside, a breach below 1.09 could push the price lower.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Can it challenge its previous high?BUY
- Give it a few more days to sustain above .700
- Took around 120 days to build a base and it is challenging the previous high at .700
- Buy around .700
- Better entry was when it broke .615
SELL
- Nail down profits to protect the profits
- Possible establishing higher highs since it’s on 52w high stocks’ list
RATIONALE
- Trend reversal is seen on longer timeframe chart
**the analysis is solely for my own references and learning
AJIYA - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
<TradeVSA> AJIYA... Pocket Pivot at ResistanceSign of Strength in the chart:
1. High volume at resistance
2. Accumulation with low volume
3. Pocket Pivot
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Ajiya with VCP Pattern to BOVCP pattern formed over 3 months period with decreasing volume with 1st, 2nd, 3rd contractions: 20.54%, 9.37%, 5.03%. Confirmed BO if it manages to close above 590.
Supports at 560, 540 and resistances at 590, 605, 635.
Note: This is a low volume counter.
Disclaimer: Trade at your own risk.
Ajiya...aiya...tomorrow 0.5 cannot withstand, next support 0.485 must stand firm.
Or else betul betul aiya....
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
Ajiya, breakout the trendline.Ajiya...CV19 also related to you? Tempered glass can prevent spread of virus?
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
Ajiya...break outJust look for opportunity to enter at better rate.
TP1 0.57
TP2 0.615
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Disclaimer: Every stock analysis are purely for educational/ informational support only. It is not for buy or sell call purpose. Everyone are responsible at your own trades.