GENETEC trade ideas
GENETECThis Weekly FORECAST
Opportunity for GENETEC. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
GENETEC: A Lingering Presence in the Market
Despite its recent downturn, GENETEC continues to be a topic of discussion among traders. The stock currently faces support at RM0.800, raising the question of a potential rebound.
However, it's important to note that GENETEC remains in a downtrend. Therefore, any potential rebound should be approached cautiously and strictly adhering to FIFO (First In, First Out) principles for managing investments.
Additional Considerations:
* Market Sentiment: Keep an eye on overall market sentiment and any specific news or developments that could impact GENETEC's stock price.
* Risk Management: Always prioritize risk management in your trading decisions. Consider setting stop-loss orders to limit potential losses.
* Seek Professional Advice: If you're unsure about the best course of action, consulting with a financial advisor can provide valuable insights tailored to your individual investment goals and risk tolerance.
Disclaimer: This information is not intended as financial advice. It's essential to conduct thorough research and consider your own circumstances before making any investment decisions.
GENETEC, what next?Despite the bearish signals, many are still attempting to catch the falling knife that is GENE. The MACD first registered a downward crossover at the end of June 2024, and the RSI is currently in the oversold zone.
However, it's crucial to remember that an oversold condition doesn't automatically make the stock a good buy.
Oversold and overbought levels don't always signal an imminent reversal; sometimes, they reflect the underlying strength of the current trend.
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
Genetec. Capitalsahamplus Algo TradingSystem Remisier CheDin The current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend. www.capitalsahamplus.com
Genetec's QR able to give some effect?Base on 1h chart, it may pullback soon. Need to intact with the blue uptrend line in order to continue the trend.
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.
GENETEC ADAM AND EVE PATTERN BULLISHThe Adam and Eve patterns are multi candle formations during the price movement of any financial instrument signaling an upcoming reversal. Thomas Bulkowski’s Encyclopedia Of Chart Patterns contains brief descriptions of these chart patterns, usually two types: Adam and Eve top and Adam and Eve bottom.
GENETEC possible drop to around RM0.50. 13/Jan/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
GENETEC after >4600% Gain and Bonus. What Next? 26/10/21GENETEC's stock price have exponential/ tremendous growth since early 2020 with more than 4600% gain.. BUT its price may completed wave a (green) soon.. With proposal of 12 bonus shares for every one share held its current price may adjusted to RM4++ from current RM47++ after issuing bonus..
GENETEC with Darvas Box and Volume Analysis GENETEC Limit up today and hence been running on a clear uptrend path since 7th of June. Why ? Volume and Darvas Analysis manage to detect Hidden hands intention on a trending pathway since 3.68. How important is this piece of understanding to make a difference in our portfolio.
<TradeVSA> Beginning of Mark-Up Stage...GenetecStrength in the chart:
1. Line Change high volume
2. Green pentagon
3. Accumulation stage
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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