HEXTAR trade ideas
HEXTAR - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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.
A rocket to the moon with almost no pullback?BUY
- There were a few entries after some pullbacks and breakouts at 1.00 and 1.42
- 1.30 was a fake breakout – one might be stopped out if chased the breakout at 1.30 – the base wasn’t strong enough
- Entry at 1.42 after a 39b was the better choice with lower volume which indicates less volatility
SELL
- It’s a bull – let it run and nail down profits accordingly
RATIONALE
- Strong buying with only one red candle for the last 22 days
- However, one needs constant monitoring for a suitable entry for this stock
- A pullback is imminent
- Look for another base and entry
**the analysis is solely for my own references and learning
HEXTAR Technical ViewSpotted this golden stock during end of January 2021 !
I entered at 0.885, but out at 0.935 after 1 week :X, now it hits 1.80 at highest! It's more than 100% in 3 months !
Have set 1.73 as TP on earlier of March and it has passed 1.73 for now.
S: 1.73, 1.65
R: 1.80 (if break, then fly higher, if not then pull-back would be seen)
HEXTAR - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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.
HEXTAR : Uptrend continue ?6 Mac - Hit highest price
- Still in uptrend pattern
- Stochastic in uptrend in Normal Zone
- MACD line above MACD signal and above 0 = stronger signal
- Strong Momentum
- Jerung at 20%
Note:
- Low accumulation activity. If accumulation activity became higher then distribution mean the stock is strong (Jerung keep the stock)
HEXTAR VCP!!!For the past one month, HEXTAR has developed volatility contraction pattern that has 3 contraction with healthy volume and price interaction.
C1: ~20%
C2: ~15%
C3: ~5%
Not yet a buy point. Can monitor this week if these C3 contraction valid support or not.
Disclaimer:
The content is my personal experience sharing through technical analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
HEXTARordinary Bullish MoveCorporate Name : HEXTAR GLOBAL BERHAD
Symbol & Code : HEXTAR (5151)
Board : MAIN
Shariah : Compliant
Sector : Industrial Products & Services
Sub-Sector : Chemicals
• Weekly: Weekly, Hextar would enter stage 2 in less than 1 month. Eye-balling chart is in retracement. HEXTAR is impressive in term of its fundamental analysis.
• Daily: After a gap up, price hovers above a new support and is making a triangle continuation pattern. Try entering in the range of 0.87-0.91
• EP: 0.87-0.91