GADANG trade ideas
GADANG 19 DISEMBER – CUBAAN BREAKOUT R2?Sektor: Construction
Sub Sektor: Construction
Status Indeks: Breakout 185.42 dan meneruskan kenaikan (uptrend)
Status Fundamental: -
Trading Plan:
Target Price 1 (TP1) - 0.495
Target Price 2 (TP2) - 0.555
Strong Support (SS) - 0.45
Cutloss (CL) - 0.44
Komen 1: GADANG dalam keadaan uptrend dan sedang buat HL setelah breakout R1 dengan high volume. Mencuba untuk breakout R2 tapi tak berjaya. Muncul bearish engulfing petanda penurunan.
Komen 2: Berjaya break down trend line (dtl). Analisis moving average dapat dilihat MA20 & MA50 dah mula cross ke atas MA200 (menunjukkan reversal dari downtrend ke uptrend).
Komen 3: MACD positive (biru atas merah). RSI mendongak ke bawah. Stoch masih menunjukkan kekuatan kenaikan. Mungkin berlaku penurunan sekitar 0.45 dan naik semula.
Boleh ride the trend untuk short/medium swing.
** Penafian: Hanya untuk pembelajaran dan tujuan kajian sahaja. Tiada 'buy call' diberikan.
** Selamat berdagang!
GADANG HOLDINGS SDN BHD (16-DECEMBER-2020)The price penetrated above a declining upper trendline of pennant pattern and closed above 200-day EMA, supported by volume higher than average.
The bullishness is also supported by rising combined 20&50-day EMA as well as above kumo cloud. The momentum indicator is still rising and yet to reach overbought area. Based on the green kumo cloud, the future outlook of bullish will be more strengthened.
EP: 0.47
Next R/ TP:
• 0.485 (61.6% FE)
• 0.515 (100% FE)
• 0.545 (flag target)
Support:
• 0.455
• 0.445 (rising lower trendline of pennant pattern)
Risk and Reward – 0.015: 0.015 or 1:1
Note: This trading idea is for education purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
20MA downward, Descending TriangleTechnically, it is not looking good for GADANG as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line.
The recent downward movement in price has brought us to the technically important level of 0.415.
Failure to find support at this level may accentuate the bearish move.
The indicator analysis on RSI is not exhibiting any extreme condition.
Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
Resistance 1 : 0.440
Resistance 2 : 0.445
Support 1 : 0.415
Support 2 : 0.410
Descending Triangle identified at 3 Aug 2020.
This pattern is still in the process of forming.
Possible bearish price movement towards the support 0.410 to 0.415 within the next 16 to 21 days (ETA 19 Aug to 24 Aug 2020).
GADANG - Expecting Trendline Break For Deeper CorrectionOpportunity and Risk
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. 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.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
