CEPAT: WAITING FOR BREAKOUT - Ongoing triangle consolidation pattern
- Possibly completed ABCDE Triangle Wave
- Tightening pivots
- Accumulated Volume Profile around the area
- Possible short rally upon triangle breakout. 0.765 remains the main resistance.
- Probably will ride on the wave if able to stand firmly above 0.765 on weekly.
Disclaimer:
For discussion and sharing purpose only. NOT buy or sell recommendation. Trade at your own risk.
#TAYOR
CEPAT trade ideas
Cepatwawsan- Price on uptrend post consolidationPrice broke out from long consolidation and now riding on the uptrend. It has been in consolidation about a year and finally price bull has proven stronger than the bear.
The longer the consolidation, the longer and stronger the uptrend price movement will be in next few quarters!
New Highest Price!A significant price movement from yesterday's trade put CEPAT price into the new highest price of 52 weeks. Will it be able to continue the price momentum above RM1.00? The volume is also above MA20. MACD and OBV charts indicate a positive and uptrend pattern. To place your bid, use VWAP as a guideline and place your bid below VWAP line.
Put in your WL and watch out for significant price movement and volume.
R 0.850
S 0.760
Trading Idea CEPAT (14/01/2020) Trading Idea CEPAT (14/01/2020)
Entry: 0.67/0.68
Target: 0.725/0.75
Stop Loss: < 0.655 (based on closing)
Investment Period < 1 month
Disclaimer: The above trading idea is intended for informational purposes only so please do your own analysis before making any investment decision.
CEPAT - Enter above RM 0.71 (Learning Notes #8)Hello Traders,
I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
