ASIAPLY is going to complete Correction soonResistance at RM0.225/0.235 , i predict this will go to Wave 3 soon
ASIAPLY trade ideas
Asiaply going to fly?Based on my analysis asiaply already break short/mid term dtl and price is side way between 21 - 22 sen. As many other traders mention divergence have been spotted recently. So its good to put little or in your WL stock. Support 21/20.5sen where as nearest resistant is 26.5. Good luck and happy trading.
ASIAPLY - Symmetrical Triangle SetupASIAPLY - Business turnaround, from loss to exceptional profits. It specializes in cast acrylics sheet manufacturing for various industries globally. Fundamentally promising
Symmetrical Triangle formation , with a longer term view of a rounded bottom forming.
Key EMAs squeeze , potentially breakout
Stochastic RSI Golden cross with Higher Lows
MCDX + Banker Strong , FiFT Green
Major Shareholders also buying
Taking into account if earnings remain consistent :
4 mil PAT
FPE 15 Target of RM 0.80 (over +113%)
FPE 20 Target of RM1.07 (over +185%)
Points of Interest :
R1 0.385
R2 0.430
R3 0.505
S1 0.365
S2 0.350
Accumulation finished for next leg up1)PP at 0.415 to expand business
2)Operating at max capacity for production
3)Covid will be an endemic so demand for their product will be stable for awhile
4)bullish divergence with positive ADX cross over and a double bottom forming.
5) Owns a Biogas company will likely have a bullish future in the renewable world.
This will pop hard on the break of this trend line and it is the best time to get in .
