KKB Engineering Bhd (MYX: KKB)Current Price: 1.67 MYR
The stock has recently rebounded from the 200-day moving average and closed above the 50-day and 100-day moving averages. If the price remains above 1.65 MYR with strong volume, consider entering.
Primary Target: 1.85 MYR, based on the next resistance level.
Stop Loss: 1.55 MYR, slightly below the 200-day moving average to manage risk.
Short-Term: (1-3 weeks)—The setup is for a quick gain based on current technical conditions, aiming to capture the upward momentum.
Note: This plan is for educational purposes only and not financial advice. Consult with a financial advisor before making investment decisions.
KKB trade ideas
KKB - Pre Consolidation BreakoutPre Consolidation Breakout Setup.
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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.
KKB - Testing Key Support For Potential UpsideOpportunity and Risk
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. 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.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
My Noob Idea & Prediction for KKB 1. Assessment on overall trending
This Company is in overall uptrending
2. Assessment on the financial status
This company show excellent growth quarterly as well as annually
3. Since 19 March, the price is showing uptrend , and manage to bounce against this trend line.
4. Recently, it was receiving price rejection at 1.7,making it a recent resistance
5. I observed a rally up/rally down signal through the triangle price consolidation method.
6. Knowing that this price already at 1.62 which is previous resistance for price on April 7, I project that this price will have an upward rally to find the next resistance at 1.7. The reduction on the volume which is reducing somehow align with my hypothesis.
7. My plan would be buying at 1.62 , and selling it at 1.7. If this projection is correct, it would yield 4.9%
8. If you optimistic, you can sell at 1.72 to yield 6.1%
Who have the best setup? Lay Hong, Aeon & KKBStrength / Weakness in the chart:
1. Lay Hong
a. Forming accumulation
b. Testing resistance
2. Aeon
a. High volume upbars
b. Breaking above the previous resistance
3. KKB
a. Broke above previous resistance and Up-Thrust
b. Wait for Pullback
Send us your preference stock to review based on TradeVSA chart by comment at below.
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
