ECONBHD trade ideas
ECONPILE MARK UPThis is an atypical Re-Accumulation Pattern Which falls under Schematic #2
This chart attracted my attention in view of:
1/ surging of buying demand (possibly from the Big Boys AKA Composite Man )
2/ A gap up (God Bar) on 13/3/24 accompanied with a huge Demand Vol.
-A very characteristic of JAC (Jump Across the creek)
Thus, in view of that, position initiated as attached
Pure Wyckoff
ECONBHD, protect the downsideHas to break the pink colour downtrend line.
Blue uptrend line as support.
Some weakness spot at LTF. Hence, always protect downside.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
ECONBHD 52 WEEKS BREAKOUT RETURN MOVEReturn move ECONBHD confirmed by CCI rebound from oversold zone move upward to reach overbought zone. Stochastic golden crossover just give another confirmation. Continuation chart pattern (Cup and Handle) also been detected while price try to move high. Buy for ECONBHD
Trading Idea ECONBHD (8/6/2021) Trading Idea ECONBHD (16/5/2021)
- Breakout momentum
- Opportunity to take position at current price with ideal risk-reward.
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
ECONBHD- [Entry Ideas]- 20201221ECONBHD- Construction Sector
Ideas / Study
Has completed Wave 1- & currently to complete corrective wave.
a) wait for entry- rebound FIBO 50% / 61.8% @ safe entry - break DTL (Blue line ) & retest support.
b) Potential upside/ TP 1( RM 0.59, TP2- RM0.69 & TP3 Kayangan RM0.865
c) SL - below RM0. 40
