Kanger Showing Positive moveFrom the Chart today,
seems like Kanger had start showing positive sign according to:
1) Macd cross had been started on 8 July.
2) Yesterday hammer pattern spotted inside Support Area.
3) Today tweezer bottom had been created to support yesterday's hammer.
4) Today's close started to Breakout from resistance range.
5) Today's close also above MA20 which is a good sign.
Disclaimer: This is not for Buy or Sell call. This is for learning purpose only.
KANGER trade ideas
Kanger almost bottomed.Kanger almost bottomed, it is a necessary to monitor 1st, whether the price maintain at Perfect Ratio (PR) at 5sen. Need to wait for flat or sideway if possible reversal pattern. Other than fib retracement, need to mention down trend line(green line) for early bullish sign. Just my analysis.
TRADING PLAN BASED ON PRICE ACTION (IMPROVISED)My previous analysis shows that the price still floating at support area, so I was just realised that I need to improvise my analysis strategy which I take a look back at the bigger picture of the market for this counter. Based on my perspective, buyers still not interested to participate yet but does not mean this counter will flop. We still looking the opportunity to buy after we see some reaction from buyers in the market. For now, I will monitor closely whether price can hold last defense of support area RM 0.07 and expect buyers to start enter the market.
Bursa Kanger International BerhadPrice has been at this current Weekly & Monthly SnR price zone since a month ago, expecting it to go lower as RM 0.75-0.70 before continuing uptrend & break the Descending Trendline. May secure position before it going back uptrend.
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.
DO OR DIE? (LONG TERM STRATEGY)In my previous analysis, we are up by 18% profit however the price doesn't move in favor and close the trade with 15% loss. The price still in consolidating and my entry area this time around RM 0.09 - RM 0.10. I'm looking closely the price action approach and react with my entry area. This time, big risk and reward cause I believe buyers are still in control on this counter. So, let us keep the FLAG flying high! Hope you get the hint and happy trading!
DON'T MISS THIS OPPORTUNITYPrice in bullish momentum as we cannot see any breakout to make lower low structure. For this entry, Green Zone area marked as demand area that might be good opportunity to go long for this counter. In addition, price still respect the trendline and there are supply that has not been clear yet. However, cut loss if the price break below the trendline and demand area.
Stronger Kanger?Corporate Name : KANGER INTERNATIONAL BERHAD
Symbol & Code : KANGER (0170)
Board : ACE
Shariah : Compliant
Sector : Consumer Products & Services
Sub-Sector : Household Goods
• Weekly: It was a major breakout on 20 and 50ma. Now price has landed back on 200ma strong support. If you think this fits the cup and handle pattern, the worrying downward drift should be temporary.
• Daily : 20ma is now below 50ma and 200ma. Although there is a bullish attitude on the market, this development means that the momentum is slowing. Hopefully, price won’t break below 0.145
• 0.145-0.155
KANGER 22 DISEMBER – MENUJU SUPPORT OVERSOLD?Sektor: Consumer Products
Sub Sektor: Household Goods
Sentiment: Vaccine Distributor
Status Indeks: Buat HL dan meneruskan kenaikan (uptrend)
Status Fundamental: -
Market stage: 1
Trading Plan:
Target Price 1 (TP1) - 0.17
Target Price 2 (TP2) - 0.215
Strong Support (SS) - 0.125
Cutloss (CL) - 0.11
Cadangan 'entry': Harga kemungkinan jatuh lagi sehingga 0.125 / 0.11 (strong rbs)
Komen 1: KANGER dalam keadaan sideway dan membuat downtrend.
Komen 2: Cubaan break dtl. Analisis moving average dapat dilihat MA20 berada bawah MA50 (sign of correction/downtrend) dan harga sudah jatuh jauh dari line ma20.
Komen 3: MACD negative (biru bawah merah). Selling volume masih kuat. RSI mungkin menuju oversold & stoch sudah berada di kedudukan oversold.
Boleh ride the trend untuk short/medium swing.
** Penafian: Hanya untuk pembelajaran dan tujuan kajian sahaja. Tiada 'buy call' diberikan.
** Selamat berdagang!
KANGER - Note!
- KUALA LUMPUR (Dec 4): The main index of Bursa Malaysia fell 0.53% in the mid-morning as market breadth turned tepid on profit taking, while regional markets traded mixed.
- pullback would also be deemed healthy, for some of the gains to be digested and a base to be built up, before potential further window-dressing activities later in the month
- 2's pts entry buy.
KANGER (27/11/2020) on another rally?On H4 chart, KANGER has been on sideways for about 2 months. Since 2 weeks ago, its been forming 2 higher lows creating an ascending triangle pattern.
The price will be testing resistance zone 0.205 - 0.215 with support of 0.145. Breaking of resistance zone could bring the price to 0.250 and 0.285 (RRR 1:2.5)
MACD on last hour chart started to show breakout signal, but we won’t know for sure. It could be cancelled out in next trading hour. Stochastic on H4 chart showing a good momentum for upward movement inside the channel.
KANGER is quite a heavy stock with large balance float (48% of 2255M shares) compared to its competitor RGTECH (22% of 525M shares). This could add significant friction to price action.
TAYOR