VCP SETUP CHOBEEIncrease in QOQ and YOY.Price has gapped up and break above the horizontal line with high volume
CHOOBEE trade ideas
CHOOBEE To Start to Fly?MYX:CHOOBEE
Technical Analysis
MA 12 crossing up MA26
MACD super buy signal
RSI above 50%
ADX buy signal
Trading plan
Buy price: $1.93 and below
Cut loss price: close below $1.75
Cut loss %: 9.33%
R:R ratio: 2.72
Disclaimer: This is not a buy call. I am sharing my analysis only.
A strong base for another climbing?BUY
- Buy around 1.77 after the breakout from the consolidation
- Best entry was at the breakout of 1.63 with two inverted hammers which signified a shooting star and gravestone doji afterwards
- However, it rebounded after touching 1.63, opened at 1.64 and straight towards 1.77
SELL
- SL is around 1.70
- Observe accordingly since there are multiple resistances from years back
RATIONALE
- Reduced volatility towards the right of the chart
- Steel sector is doing great
**the analysis is solely for my own references and learning
CHOOBEE 5797 Lonjakan Momentum?The study is based upon Volume Price Spread Analysis and Momentum
CHOOBEE has clearly shown Momentum spike.
Close: 1.76
EP: 1.79<
SL: 1.54
TP: 1.91/ 2.02/ Open
* The NTA looks good at more than 50% discounted value.
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
CHOOBEE [8 December 2020] Buy On Dip in Support ZoneMYX:CHOOBEE
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
