KJTS Group BerhadKJTS Group Berhad
Trend: The stock shows an overall uptrend since February, with higher lows and higher highs.
Price Action: There's significant volatility, with large price swings and several gap-up and gap-down movements.
Support and Resistance:
Current support level appears to be around 0.700 MYR
Recent resistance level is at about 0.835 MYR (the recent high)
Moving Averages: Two moving averages are visible:
The shorter-term MA (likely 20-day) in blue is above the longer-term MA (possibly 50-day) in green, indicating bullish momentum.
Price is currently above both MAs, which is typically bullish.
Volume: Volume spikes are visible during major price movements, particularly in February and June.
Recent Performance: The stock recently touched a high around 0.835 MYR before pulling back. It's currently consolidating near the 0.730 MYR level.
Patterns: There are several noticeable bullish and bearish candles, including potential hammer and shooting star formations.
Indicators: Without additional indicators overlaid, it's limited what can be inferred beyond price and volume action.
Overall, the stock appears to be in an uptrend but is currently in a consolidation phase. Traders might watch for a breakout above recent highs or a breakdown below support levels for potential entry or exit points.
KJTS trade ideas
KJTS start pullback >> Pullback in the making....
>> monitor whether it will stay above or below 0.555 area.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer :
Please be informed that all stocks pick are solely for education and discussion purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
KJTS, still will push?>> stochastic OS
>> Price below Hull MA red
>> RSI still OB
Potential strong rebound at 0.555 area?🧐
Buy and sell so you can sleep better at night. But if you lose your sleep after you buy or sell. Then have to evaluate why you buy or sell....🤔
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
