HARTA trade ideas
HARTA: MA Crossover; Can the Half-yearly MA Provide Support?Thank you for your continued support :)
Strategy: Moving Averages Formation
Bias: Bullish. Moving averages aligned, while price had a small bounce at the 50% key level. Monthly MA crossed over the Half-yearly MA. Green candle shows pause in bearish correction.
Stop-loss: 5.28, stop-loss is a bit tight around here; please manage your RISK .
1st Target: 5.61. Area between 5.52 and 5.61 is a resistance zone; a breakout here would be favourable.
2nd Target: 5.94
The extra levels at 6.48, 7.49 shows the confluence between key Fibonacci levels and previous key price levels.
Gentle reminder: Plan your trade and trade your plan. Peace out!
<TradeVSA> Pullback in Hartalega & C32 (Macq)Strength in the chart:
1. Confirmation on accumulation
2. Pullback after breakout
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
HARTALEGA , volume analisaHartalega merupakan syarikat yg berdaya saing.
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Berdasarkan chart, RM6.00 merupakan kawasan harga yg mempunyai kecairan yang tinggi. Aras ini berpotensi untuk di uji untuk membuat transaksi pasaran.
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Namun begitu, aras RM4.00 juga merupakan aras kecairan yang tinggi.
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Hartalega akan mula bergerak dalam beberapa hari akan datang..volume mula berkurang dan big boy hampir sudah ingin menggerakkan pasaran ke aras2 yg dinyatakan
Harta 7.93 targetPossible target, fingers crossed.
If all fails, stops below 5.82.
***This shall not under any circumstances be considered or constitute offer or solicitation to sell, buy, give, take, issue, allot or transfer, or as the giving of any advice in respect of products or instruments of any jurisdiction.***
Past history candlestick analysis for Hartalega
On March 8, 2018, an Inverted Hammer + Bullish Engulfing appeared, signifying a change to the down trend. This is further confirmed by the support line in blue.
Stock rallied for roughly a month plus until April 12, where a Hanging Man appeared (Note the Hanging Man is not as potent as a Shooting Star, but it still gives the signal that the bullish trend is coming to an end). The trend then start to change.
Stock goes downwards and tumbled, until a bullish engulfing pattern emerges on April 25 - 26. Interestingly, this happened 3 times! Triple bullish engulfing pattern! This also serves as a support line, which supported the price level on June 28 - 29.
Stock rallied up and hit a bearish Harami pattern on June 11 - 12, signalling that bull has lost it's momentum. Stock drops and hit the support line where a bullish engulfing pattern appears, and then goes upwards until it hits a Doji on July 2. Market comes to a neutral tone and market is unsure to go up or go down.. in the end it goes downwards.
Price could go further down until it hits the support line and change upwards, depending on the candlestick formation at that time. If it goes down it would hit the second support line formed by the inverted hammer.
Notice the MACD histogram is showing an upward trend, signifying an uptrend of price.