BIG trade ideas
BIG - Trendline breakoutPrice has broken the trendline on 09/08/2022. Let's wait for little pullback formation before placing our entry.
Would this indicates for MYX:BIG to change direction to uptrend?
Potential entry:
1) RM0.785 - RM0.795
2) RM0.720 - RM0.755 (Suitable for long-term)
Resistance:
RM0.84 / RM0.985
Support:
RM0.695
Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.
B.I.G INDUSTRIES BHD FORCAST : SELL- on the monthly chart : we notice the price had reachd a level that it didn't hit for a very long time
- on the weekly chart : hitting the resistance level with force but rejecting it
- on the daily chart : the last candle shows a clrea rejection for that level and a confirmation today
- personal opinion : the price reachd that level with good force and momentum to break it . but that last candle on the daily shows a massive decrease in that force wich might cause a rejection . so i say theres a 80% chance the price will reject the level cause of that candle and also the history of the price and how it behave near it
- best move : SELL
ELLIOT WAVE | BIG INDUSTRIES BHDBIG industries Bhd
- Very hot stock past 2 weeks, waiting for another game play. Might be a profitable trade for swing trader
IDEA TRADING TEKNIKAL
1. Head and shoulder pattern spotted waiting for breakout confirmation with volume = sincere BO
2. Moving average tersusun cantik = strong uptrend
3. Entry level pada MA20 and MA50, TF daily
4. breakout downtrendline and able to succeed above + formation of HH and HL
IDEA TRADING FUNDAMENTAL
1. Quarter report 3 quarter constant making profit = something brewing
2. ROA, ROIC, ROE improve for 5 years
BIG in Bullish Harmonic PatternBIG's chart pattern resembles that of BAT's XABCD harmonic pattern where point D is most probably the Potential Reversal Zone.
The probable EP would be at 0.825 (current price) and the probable initial TP would at 1.075 which is the daily pivot level and was tested recently. 1.075 is also a yearly pivot resistance. The probable CL would be below Point D.
BIG - BIGGER - BIGGEST - BIGGESTESTFrom chart:
- Wave formation observed (1-2-3-4)
Trading Strategy:
- Wait for entry zone and entry based on PAV
- Straight entry if sudden volume coming in for following week
Business Nature:
Concrete, Property and etc
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
A Breakout Signal!A breakout signal from a significant price movement. Hence candlestick closed above MA20 with volume above MA20. MACD and OBV charts show an early stage of divergence. High probability will have a price correction because retailers might sell it much earlier for a profit. Put this in your WL and watch out for price and volume movement together with MACD and OBV divergence signal. To place a bid, use VWAP as a guideline and place your bid below the VWAP line.
R 1.455
S 1.060
BIG This stock with momentum is generated using a FIFO B signal with a build-up in trading volume and price.
This is not a buy or sell recommendation. It merely tells you which this stock is seeing higher potential to move uptrend with relatively strong momentum.
The share price may move up or down from this point. Note also that momentum generally only persists for a short period of time.
However, this stock has an accompanying fundamental score and valuation score to help users evaluate the attractiveness of the stocks if they want to ride the momentum.
Big IndustriesTrade ideas for this counter..
Weekly TF show sellers dominate the counter.. However, price already make new HH and break and close above weekly resistant.
Wait for further retracement preferably at green zone area where inside bar breakout which inline with trendline..
Watch also RBS area 0.51 to see any rejection before entry.
Happy Trading
Tayor.