A Divergence Signal!The RSI indicates a gain momentum where the indexes cross up indexes 30. With candlestick also showing the same indication of a divergence signal due to significant price movement with volume.
MACD and OBV indicators indicate a positive an uptrend pattern. Hence, confirming the divergence signal.
To place a bid, use VWAP as a guideline and place the bid below the VWAP line.
Let's save FITTERS in WL and watch out for significant price movement with volume to the next price resistance.
R 0.210
S 0.155
FITTERS trade ideas
FITTERS VCP SETUP (4HR Chart)FITTERS observed a VCP setup in the 4hr chart with 4 contraction below:
C1: -12%
C2: -9%
C3: -5%
C4: -8%
Last 4 hour on 22 Oct observed volume surge. Looking for breakout this week?
Let's monitor.
Disclaimer:
Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis . Trade at your own risk.
FITTERS - Volume Profile AnalysisFITTERS price seems like rejected @ 0.365 (low volume node as resistance)
Potential buy on dip @ 0.340 (price retest mini volume profile point of control & fib retracement level - 0.382)
Potential target price @ 0.400 (fib extension level - 1.618)
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only. Trade at your own risk.
FITTERS - Pre Consolidation Breakout THIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE.
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
FITTER DIVERSIFIED BHDBackground company:
1.FITTERS had gained recognition as a “one-stop” fire protection specialist and continues to engage in manufacturing, trading and specialized installation of firefighting equipments as well as the supply of fire safety protection products and services.
2.In 2007, the Group ventured into property development followed by renewable energy and green mill a year later.
3.In 2013, FITTERS entered into a venture with Molecor Tecnologia S.L. and Ricwil (Malaysia) Sdn Bhd to manufacture and distribute state-of-the-art HYPRO PVC-O pipes in Malaysia and South East Asia.
Sentimet:
1.Safety equipment manufacturer Fitters Diversified Bhd has won a construction contract worth RM78.3 million for a residential property project in Rawang.
Fundamental:
revenue +
Net profit +
EPS +
Technical:
weekly below EMA50, below ma200:- -ve
Daily momentum buy supported by ema50 ma20 and ma200
H1 momentum buy to confirm the technical setup
Volume:
No significant volume
entry point 0.245
take profit 0.350
cut loss 0.210
TAYOR
FITTERS (9318)Currently trading at RM 0.400. Lowest price should be around RM 0.360. Be cautious that RM 0.475 is strong resistance.
Target - RM 0.470, RM 0.540, RM 0.600 and above
Cut loss - RM 0.350
Disclaimer: This is not a recommendation to buy or sell. Analysis or results above are solely based on personal opinions and for personal references. Please trade at your own risk.