Swing fiammaFiamma have 2 times rebound successfully from fibo 0.382.
Now is the 3rd time rebounding.. if it can successfully rebound, can consider swing until fibo 1.272..
FIAMMA trade ideas
FIAMMA VCP SETUPObserved FIAMMA doing a VCP setup with below contraction:
C1: ~ -26%
C2: ~ -5%
C3: ~ -4% (tight area)
C3 contraction recently is tight area - considered as low risk entry zone.
5, 9, 12 Aug volume looks decent. Let's see if it will continue rally before QR or not. Need to take note on QR this month. Strategy will be FIFO before QR.
Disclaimer:
Not a buy call recommendation. Just my personal analysis based on chart pattern and trend. Trade at your own risk.
FIAMMA in Volatility Reversal at EW ABC Corrective ZoneFIAMMA is spotted to have reversed its volatility to positive at Elliott Waves' ABC corrective zone.
FIAMMA AnalysisDisclaimer: This is not a buy call but for learning purpose
Technical Analysis
Price around MA50
Volume is quite low
Potential rebound at MA line
RSI around 50
Fill in AmmoVolume is recently accumulating. Price should either go up or rest on 20MA first, then it will start climbing.
FIAMMA [9 December 2020] Buy On Dip in Support ZoneMYX:FIAMMA
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
POTENTIAL BUY FIAMMA HOLDINGSEventhough this stock is Overvalue. But considering with current economy situation in Malaysia, they still can give 1.75 cent dividend. I'm in. Fiamma's management has done a good job so far and they look capable of steering the company through these volatile times. This year, where JV property project by this company to develop residential properties in Batu Pahat, Johor that have a potential gross development value (GDV) of RM26 million. It will effect the stock price.
Technical Analysis:
We can see potential buy back stock at this point. Strong Support line (Yellow Line) at price 0.495. If they break the support zone (Blue area) means that they'll continue in bearish mood. But if do the rejection at this point, possible to bounce back to strong resistance price 0.62 (78.6% Retracement).
