DPHAMA ON BUYING MOMENTOMBuying interest for this stock still strong, the bullish candle still controlling the bear.
DPHARMA trade ideas
{SWC}—— Dpharma, Breakout DTLDpharma had broken out short term downtrend line, presented Piercing candlestick pattern and continued closed it share price at MA20 last Friday. More volume needed to push up the price. MA5 and MA10 consolidation
Momentum Chips (red chips) show a positive signal. Do also note that this counter will be affected by vaccine news.
Bias: Long
Resistance: 3.35, 3.50
Support: 3.15, 3 (use MA 10 as support)
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Get ready for weeks ahead!!! BUY CALLThe circle marked the first take off then followed by accumulating phase for ten weeks....
Expected price to double in the few weeks given that malaysia will be securing the vaccine. Dpharma will be the main player.
The same pattern noted in glove counter after first take off.
Vaccine mania!!!!!
Some support and resistance for DPHARMAMy views of support and resistance for DPHARMA. A couple of basic rules apply here. I personally think there's some potential upside movement to this stock.
1. Broken support becomes a resistance and vice versa
2. The more hits that a support or resistance is able to defend, the stronger it gets
3. Volume, volume, volume
Of course, all 3 rules above are based on human psychology and bound to repeat itself. We're creatures of habit after all.
Rebound soon after yesterday’s massive buying Detected at 10:40:11 strong support at rm 3.350
Re entry point detected
Vaccine maniaThe bullish trend for dpharma is confirmed today at the first hour of trading.. it will test its previous high at RM4.900 .
Vaccine is on the way
Dpharma up try to wait BOD 2.9Up trend
SP 2.88
RS 4.32
BOD Fift buy signal ( maybe 2.9)
or FF signal
SL 2.85
TP 3.43 / 3.77
DPHARMAPrice forming falling wedges, if price upper wedge line price continue bullish next week. However if price break wedge support line, it expected to look for another support level, which likely 50 MA. Is the next support level.
DPharma (H1) - Resting at Support No buy signal on Daily Chart.
H1
Appear to be resting at support zone 3.5
Tested Fibo 0.618 at 3.45 (Good level for SL. Risking 6%)
FiFT +ve
ATOM neutral
Monitor - Look for BULL momentum to buy at support
Dpharma, profit taking candleVaccine theme. You are part of the chart. Those who trapped inside dont blame others.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
DPharma - Formation of Cup & Handle PatternThis is DPharma H1 Timeframe Chart, the price is supported by the 50EMA.
It created a "Rounded Bottom" or "Cup & Handle" Pattern
It is a bullish continous pattern, If breakout, It may shoot up to 3.90 level.
Today it creat a Flagpole Pattern in the end of the trading day.
Training 28/7/2020 - Dpharma Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated.
Btw, be nice please.. Thank you and have a great trading.
DPHARMA MSREP : 1590
CL : 1530
S : 1555
R1 : 1630
R2 : 1690
TP : Follow RSI
Number of Share: 684.38m
PT 17 - DPHARMA - 3M -12/5/2020
Market Capital (RM) : 1.061b
EPS (cent) : 8.08 *
P/E Ratio : 19.18
ROE (%) : 10.49
Number of Share : 684.38m
Sector : Health Care
Sub-Sector : Pharmaceuticals
DPAHRMA - 7148 - TRIANGLE PATTERN & HIGHEST HIGH PRICE CURRENTLY APPROACHING PREVIOUS HIGH AND CURRENTLY MAKING TRIANGLE PATTERN ANY BREAKOUT SHOULD SUPPORT WITH BIG VOLUME INCREASE
