KIMLOONG - Breakout monthly high
KMLOONG - breakout yearly high and if revert to breakout price, can entry at 2.52, SL 2.44, TP 2.68
It also breakout previous month high, pullback and continuous trend
KMLOONG trade ideas
The stock is in an uptrend on the daily chartCandlestick Patterns :
The price hit a high of MYR2.50 and closed at MYR2.48 (+3.33%) on the daily timeframe.
Bollinger Bands :
The price is currently near the upper band, suggesting potential overbought conditions. However, since the price is continuing to rise, it could signal a strong bullish trend if the price remains close to the upper band.
Trend Analysis :
The overall trend seems bullish as the price is making higher highs and higher lows. It’s supported by the price staying above the moving average.
A continuation of the uptrend would depend on the price breaking through the MYR2.50 level.
Possible Scenarios :
Bullish Case: If the price breaks above MYR2.50, the next potential targets would be the next psychological round numbers, such as MYR2.60 or higher.
Bearish Case: If the price fails to break the MYR2.50 resistance and falls below the moving average (around MYR2.25), it could signal a shift in momentum toward a correction or consolidation phase.
KMLOONG, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
KIM LOONG ABSORPTIONCurrent price action seems to be lingering around upper border of trading range.
Along with the accompanied huge vol, i made an assumption that this might be an absorption
So position initiated today @ Phase D, Mark up within TR POE #2 :
Entry -1.950
Stop loss-1.900
Profit Taking (at least 2) -2.050
Pure Wyckoff Methode
SHORT TERM TRADE - KMLOONG - BUYING INTEREST EMERGEDKMLOONG, a profitable company. Recent buying volume triggered the chart movement towards Resistance at T1 with stoploss at / below S1. If price manages to break T1, next potential resistance is T2 and T3. Simple momentum strategy to follow the smart money.
