JHM trade ideas
JHM - retrace dulu sebelum retest resistance for double bottom?Jangka dia akan retrace sampai sentuh mid BB sebelum rebound. Midd BB sbg entry point dan immediate TP di puncak luar Double Bottom. TP 1.64, CL kalau dia drop dan close di bawah 1.31
JHM consolidation one of the famous tech stock in malaysiaJHM consolidation is one of the dark horses technology stock listed in Bursa Malaysia which involved in the semiconductors industry (LED Component)
Charting wise it is forming a break out from Head & Shoulder Pattern at 1.23 and giving a TP of 1.69.
On friday the share price surge for approximately 5% and close at current years peak which is 1.34
With the support for the volume surge and solid consensus estimate giving by analysis from investment bank with a TP of (1.75) is actually close to the TP of Head and Shoulder Pattern of 1.69
Therefore it might not be a form of surprise if the price surge to its previous all time high record around 1.6 - 1.7 range
With a cut loss of 1.2 might be a safe bet.
Solely for education purpose without any buy or sell recommendation.
TradeVSA Stock ReviewA. Sino Huaan
1. Confirmation on accumulation
2. High volume 18 Line Change
B. Carimin
1. High volume Up-Thrust at Mark-Up stage
2. Look for strength in support
C. Inari
1. Changes in trend after high volume sell-off
2. Forming accumulation stage
D. JHM Consolidation
1. Confirmation of shakeout
2. Continuation of Mark-Up after Pullback
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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
Successful Pullback by JHM / Weakness at AturmajuStrength / Weakness in the chart:
1. JHM
a. Successful breakout with shakeout in the background
b. Successful pullback with high volume upbar
2. Aturmaju
a. No follow thru on upbars high volume
b. Formed resistance with up-thrust
JHM: To trade with caution (0127.kl)Stock code: 0127
Stock name: JHM Consolidation Bhd
Screener: 18LC for 19 Feb 2019 (www.tradevsa.com)
Observation date: 20 Feb 2019
Observation:
a) Price & Volume:
- Price: Wide spread on upbars.
- Volume: High volume on price upbars.
b) Market Stage:
- Mid-way of Markup stage (S2) after 7 weeks of sideway movement.
c) Trading Range:
- Price was trading within a Trading Range (between mid-Dec'18 to early Feb'19).
- As price is moving up, we can see that it is trading on an Uptrend.
d) Resistance & Support:
- Price broke Support Line 1 and 2 (then Resistance) before doing a pullback on Support Line 2.
- Price moved up after 'resting' above the Support Line 2 (then Resistance).
- Price now close above Resistance Line 1.
Remarks:
- We need to wait few more bars to determine if price has successfully break Resistance Line 1.
- We can expect that price will move 1-2 bars higher before doing a pullback.
JHM - Potential High Reward and Low Risk TradeStrength in the chart
1. Price closed above the previous support after shake out
2. High volume on wide spread upbars
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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
JHM CONSOLIDATION BHDwww.isaham.my
Last Price: RM1.28
Target: RM1.33(3.91%), RM1.39(8.59%), RM1.45(13.28%)
Stop: RM1.27(-0.78%)
short term rebound from correctionshort term rebound from correction
strong support at 1.06
immediate support at 1.11
TP1 at 1.16
TP2 at 1.19
