FOCUS trade ideas
Avoid this at all cost! - The recent sell-downs were extremely brutal
- Lower lows are obvious – swing traders and scalpers might be able to profit from the swings
- The two green candles which touched the lower trendline at around 545 should be the indicator of selling it due to their long upper shadows
- One should avoid such stock at all cost
**This analysis is solely for my own references
FOCUS - Almost There#FOCUS
Rst: 1.51
Spp: 1.23
This stock is pending to collapse, it’s brewing second wave of RSI bearish divergence, yes the stock still can have another few candles of sharp rise, probably until upper BB, with anticipation RSI third wave bearish divergence to be generated the time it reaches upper BB, then things may start to melt.
Focus - TP1 Hit. Slow but SolidSo far, Focus is moving according to plan.
Slow but solid. Advance 10% for about 1 month
TP1 0.785 Hit completing rounding bottom pattern.
Next target TP2 = 0.89
ATOM, FiFT, Volume are still very healthy.
Move SL to 0.75.
Next Plan :-
Monitor for price to retest rounding bottom neckline around 0.79 / 0.80 for BoD opportunity
FOCUS Uptrend and Fit nicely with Fibo Targets+FOCUS is Uptrend (EMA20 > EMA50) and Bullish .
+Both Weekly and Daily FiFT is +ve (Very Good for trend follower)
+Price structure fit nicely to Fibo retracement and projection.
=ATOM falls back to neutral zone.
=Currently doing some pullback. Opportunity for those who missed the boat.
-The only concern is price advancement with relatively low volume .
Plan (with condition FiFT remain +ve):
Option1 : Fast Turtle Buy with BoD around 0.680, SL 0.650
Option2 : Slow Turtle Breakout Buy with volume above .740 (or further buy if Option 1 executed)
TP Area : 0.785, 0.890, 0.960, 1.05 (2x Rounding Bottom)
<TradeVSA> Premium Alerts at 4:30pm - 28 November 2019Strength in the chart:
1. Sign of strength with pullback & reversal
2. Green Pentagon
Potential Counters:
1. Jaya Tiasa (update from morning)
2. Khee San
3. Focus Dynamic
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Daily Update & Stock Review - 26 May 20191. FTSE Bursa Malaysia KLCI
2. FTSE Bursa Malaysia Small Cap
3. FCPO
4. Hang Seng Futures
5. Lii Hen
6. Muar Ban Lee
7. Sarawak Consolidated
8. Duopharma
9. KNM
10. Komark
11. PCCS
12. Dancomech
13. OCR
14. IWCity
15. Orion
16. Frontken
17. Vortex
18. SCH
19. Can-0ne
20. Salcon
21. AirAsia X
22. Airasia Group
23. Mflour
24. GPA
25. Focus Point
26. Focus Dynamicx
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock