CCK trade ideas
CCK MARKING UPClassic wyckoff Re-Accumulation of Schematic #1
With spring in the house
What attracted me the most, is that, there was an absoprtion past 2 days as evidence by the volume (Black Arrow)
With breakout today accompanied with huge vol, this is a sBar (Siginificant Bar) as mentioned by Prof Roman in his teaching. I called it Timing Bar
Thus, i went with a heavyweight position on this one
Risk is always respected
in view of that, i humbly initiated position as attached
CCK CONTINUE MARK UPMy previous hypothesis still remained valid
Latest price action, from my POV is that, it is re-accmulating (Step Stone)
I am attracted to the bar on 27/2/24
-this is what wyckoffian termed as CO Rotation (Changing of Hands)
Position Re- initiated as attached since last i sold it
-Absolute pure wyckoff-
Continuation MARK UPCCK, as previous analysis, continuing its mark up
as evidence by local Spring , my hypothesis is the current BO is a signal towards phase E
in view of that, position initiated as attached
pure wyckoff
CCK, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Buying Opportunity for CCKThere's a formation of cup and handle. The price almost approaches the resistance. Is there any chance, is the price able to maintain above the zone and beyond or any else ? What do you think ?
WILL CCK START ITS PROJECTORY UPWARD FROM HEREAs i view the latest unfolding price action, i initiated my position based on POE #3 BUEC yestday
it seems that along the BUEC, absorption was taking place on the way down --> Consolidate
Entry : 0.815
Stop Loss : 0.790
Take Profit : 0.865
pure Wyckoff Methode
Hot Stock Alert : CCK The price is in a robust uptrend, riding the wave of the 50 and 200 Moving Averages. Strong fundamentals contribute to our buy signal. Upon closer inspection, a solid pattern is forming, followed by a breakout with significant volume, validating the breakout as genuine and not a false signal. In my assessment of this stock, it presents a potentially lucrative risk-reward ratio, making it a compelling investment.
On an UptrendTrading above EMAs 20-50-200 and in a parallel channel. Still on an uptrend.
Watch for a big candle with volume & MACD crossover for continuation of upward momentum.
CCK - Resistant Breakout Price has broken the resistant on 30/09/2022. Let's wait for little pullback formation before placing our entry.
Would this indicates for CCK price to reach the next resistant?
Potential entry:
RM0.625 - RM0.64
Resistance:
RM0.675 / RM0.72
Support:
RM0.60
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.
CCK Breakout PatternPattern:
Breakout Pattern CUP
come with volume today 22/12/2022
Target Price Pattern RM0.96 - RM1.00
Have major resistance on half way to TP (check my chart)
Trend Chart:
Major Uptrend but my 2nd choice trend pattern.
There is something about CCKCCK might rebound? The candle are now closer to the resistance and support line. Base on green volume and green candles, there might be something interesting for day traders.
CCK AnalysisDisclaimer: This is not a buy call but for learning purpose
Analysis
Low volume.
Price around major support and potential rebound at trendline.
Trend Rider 21. TR setup formed at Daily, weekly EMA 200 below price. Next resistance seems to be strong at RM0.65
2. Hammer formed and break at RBS.
3. Bursa Marketplace rating 10, average target price RM0.76.
#CCK DTF - FIBO STRATEGY with golden wave The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
* Minor wave 3 in 3rd impulse major Elliot Wave
* Strong Bullish Momentum volume unusual
* Steepness of a trend line increases from 45% to 70% deg
* Strong Break in bar retracement symmetry leading to a change in trend behavior
* Bullish gap up price action
CCK AnalysisDisclaimer: This is not a buy call but for learning purpose
Technical Analysis
Price around EMA20
Volume is OK
Potential rebound at support line & EMA line
RSI around 50
CCK Fake Break Out or New 52 Week High at TF(4H)CCK Fake Break Out or New 52 Week High at TF(4H)
I ndikator NotaSaham Hybrid show Break Out (BO) signal at Time Frame (TF) 4 hours today (17/3/2021). Based on Fibonacci Retracement, price rebound at 61.8% which is equal to 0.670. The next resistance are R1 = 0.710 and R2 = 0.75.
For MACD (default), blue line nearly cross up red line which is both line in uptrend zone (above 0). Meanwhile, Stochastic RSI (default), already cross up 20% from oversold zone. Let's see tomorrow either CCK form fake BO or New 52 Week High (N52WH).
This is not a buy call, but just an idea for an educational purpose.
Disclaimer: Trade at Your Own Risk (TAYOR)
CCK Weekly TimeframeShort Term target may not really worth.... but still a good money
Then waiting for next Wave with some good news?
