MULTIPLE RETEST ZONE / CUP AND HANDLE PATTERNFrom my analysis, it appears to be forming a Cup and Handle Pattern. Or I can call it Multiple Retest Zone at the moment.
Additionally, when applying the BBMA Technique and observing the Weekly Timeframe, there's a notable "Arah Kukuh Candle," indicating a bullish signal. However, it's possible that there may still be room for retracement.
EATECH trade ideas
MULTIPLE RETEST ZONE / CUP AND HANDLE PATTERNFrom my analysis, it appears to be forming a Cup and Handle Pattern. Or I can call it Multiple Retest Zone at the moment.
Additionally, when applying the BBMA Technique and observing the Weekly Timeframe, there's a notable "Arah Kukuh Candle," indicating a bullish signal. However, it's possible that there may still be room for retracement.
EATECH ANALYSISThe direction of this counter is uptrend and price already made a pullback around 61.8% FIBO.
Price already break the sideway trend and start making new high.
This message is for education and information purposes only. It shall not be construed as an offer/solicitation or recommendation to buy/sell any stocks.
EAtech, resistant at 0.405resistant 0.405 need to break and stand firm. Or else it is another one day show.
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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.
#5 EATECH BOD+SNR+FAFUNDAMENTAL ANALYSIS
Sector: Transportation & Logistics
Subsector: Transportation & Logistics Services
Business: Marine transportation, shipyard
PE: 6.57 -- GOOD
ROE: 11.56 -- GOOD
ROE > PE: YES -- GOOD
NTA: 0.520 > price -- GOOD
DY: 0 -- MEH
YOY: 0 -- BAD
TECHNICAL ANALYSIS
Chart in uptrend
Stoch RSI downtrend 47%, K&D crossing
BOD on 19 June 2020
No. of shares: 530.50m -- Quite volatile
EP: 395
TP: 425
CL: 385
RRR: 3 -- GOOD
+24.7% gained in 4 days - E.A. Technique (5259.KL)
TradeVSA 18 Line Change screener have spotted E.A. Technique on 01 October 2018. The line change come with high volume in the accumulation stage.
What is 18 Line Change and why it is so powerful?
18 Line Change is a wide range bar with high volume, closing on its highs, signaling the strength and ready to break above resistance. It is also indicates continuation of uptrend or reversal on downtrend as smart money want to push the price above the supply area.
