HLT trade ideas
KLSE Advance Analysis : Price BottomDisclaimer : Opinions below are based on our own analysis & for educational purposes only. It does not constitute an offer to buy or sell securities mentioned herein. Viewers/readers should do their own research & studies before investing. Round & Surge or its associates are not responsible for any trading or investment losses incurred.
We often analyse daily charts for stocks in KLSE. This is because the stock prices in the 5 mins chart are not as "beautiful" or well formed as the daily candlestick. But not for us, we find the most important information of the big boys next move are shown in the 5 mins chart & their transaction data.
Although there aren't well-formed candlesticks in the 5 mins chart, analysing the price & volume flow will help us to understand more about the current intention of the big boys, whether there will be a price pause or continuation of price in the short term.
Example in this stock we can see the price down in the daily chart on 21 October 2022, which many retail investors who bought at the higher price for their own reason would have been panicking. They could be Google-ing for the answer of the price fall (Often we don't find any reason for its price action.) and wondering whether the price will fall further?
Traditional way to look for a price bottom is either by the guts feeling of "is too low to go lower" or using the technical support. Finding where the next support & watch whether it will rebound.
To find the bottom of the price, we will need to look into the 5 mins chart to analyse where the major volumes are created within the day.
*kindly open the 5 mins chart of 21 OCT 2022. Not able to post 5 mins chart in idea*
We can see the volumes are mainly created at the day low from the 5 mins chart, which shows multiple high volumes but price is not moving lower. If the selling pressure is high, the price should go down lower instead of staying at the same price. From our point of view, this price & volume action is a sign of a pause in price fall or the price fall is softened.
But this is only a PAUSE, it is not showing signs the price will have a markup or rebound. We will need to wait for the big boys to show us that they have intention to mark the price higher to attract buyers in for profit taking at higher price. The price movement now is just indicating there aren't any buyers in the market for the big boys to sell their shares.
*Note : a pause in price is not a signal of rebound, the price might stay sideways within a price range & continue to fall. For short term traders, always wait for the big boys to show us that they have intention to mark higher. It is always about the best timing, not the best entry price.
When will the price markup? We will have to continue monitoring the price movement after this for price & volume actions that show the big boys are ready to mark higher. How far will they mark the price up will depend on how soon the big boys distribute their remaining shareholding.
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HLT retest SupportHLT which under Healthcare sector had recently test support at 0.46 on 19th Nov21.Currently already make LH and on going for next HL.
Let see what is the outcome either 0.46 support can last.
HLT - Picking Up The Momentum Trading Idea:
1) Entry inside the zone ride till TP
Chart:
1) Momentum observed which breaking downtrend line
Sentiment:
1) Full Lock Down - might be announced on 21/5/21
2) Recorded the highest number case per day 6K ++
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
HLT: NICE R:R RATIOBased on price action, HLT is possibly testing near-resistant levels in the near term.
TAYOR!
HLT (HEALTHCARE) - ideas updateNote
- Some reason I aiming one of the HC's counter for next week rally. Suggestion are on the chart
<TradeVSA> Another Pullback in Gloves. What's Next?Trades Setup in Gloves:
1. Trend Reversal with Volume
2. Pullback setup in hourly chart
3. Cluster of Closes in hourly chart
Monitor for next pullback opportunity for low risk entry
Glove Counters:
1. Top Glove
2. Supermax
3. Hartalega
4. Kossan
5. Comfort
6. Rubberex
7. Flexi
8. HLT
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
HLT Bullish Divergence 1HDaily TF shows the accumulation period in progress.
The bullish trend will be confirmed after MidBB 1H cross above EMA50.
For early confirmation, there is a Bullish divergence at 1H indicate more buyers in the market.
INSTANT ENTRYPrice currently in consolidation phase probably will continue a bullish momentum since there's no lower low structure and still respecting the trendline. Risk below the demand structure and cut loss if the price break the zone marked in a green area.
HLT - Upside LimitedHLT
Rst: 1.86
Spp: 1.46
Breakout emerged from very narrow BB & it’s done too steep, meaning this surge will not last even it came with substantially strong buying interest. Expecting pullback to follow on Monday.
Bursa HLT Global Berhad - Look for Re-Entry & TP Short-termI am looking for an opportunity to get in/ entry at more low as re-entry & tp short period or hold for longterm depends on local market news.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Bearish viewBearish view on HLT
1. Dead cross on Oct 27
2. Significant breach uptrend line in purple
3. Unable to break resistance at 1.915
4. Bearish momentum seen on MACD histogram
No sign of Bullish yet
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
HLT: POTENTIAL BOUNCE @ SUPPORT ZONE?BASED ON SELLING PRESSURE, HLT IS EXPECTED TO REACHED SUPPORT LEVEL ZONE IN SHORT TERM. IN MY PERSONAL VIEW, THE SUPPORT WAS A STRONG SUPPORT AND IT WILL BOUNCE BACK TO REACH RM2 LEVEL IN MIDTERM.
TAYOR! (TRADE @ YOUR OWN RISK)
HLT: POTENTIAL TESTING RM2 PRICE?HLT IS ON BULLISH MODE NOW. BASED ON PRICE ACTION VIEW, HLT WILL TEST RM2 PRICE IN MID TERM. IF BREAKOUT, THE NEXT TARGET WILL BE BASED ON FIBO 1:1, @ RM 2.40.
TAYOR!
<TradeVSA> No Supply (NS) Appeared in Accumulation...What's Next1. Accumulation stage
- A shakeout with low volume during the accumulation
2. Buyer overall in control
3. NS bars near Support
- Price started to trade above 20 / 40 MA
- Trading in green pentagon
Hit the "LIKE" button to support us :)
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
