LAYHONG - Analysis on potential of price targetN wave with E, N, V & NT projection.
The price has moved above the Kumo, indicating bullish momentum, but the cloud is still quite thin, suggesting caution.
Price is currently above the Tenkan-Sen, suggesting bullish momentum is building up.
Chikou-Span is above the price, confirming the potential for bullish continuation.
NT level 0.415, which serves as immediate resistance.
The price has broken past point (B) and is currently testing the NT level (0.415). A successful break above NT would likely confirm further upside potential towards the N (0.430), V (0.420), and E (0.445) projections.
A potential long entry could be placed above the NT level of 0.415, confirming bullish continuation.
Stop-Loss: Below the Kumo or the recent low around 0.400 to manage downside risk.
If the price sustains above the NT level, the bullish momentum may carry it toward the higher projection levels. However, if there's a rejection at these levels, consolidation may occur. Keep an eye on volume to confirm breakout strength.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
LAYHONG trade ideas
Potential Impact of Subsidies Adjust. on LAYHONG1. The price of GFM has recently experienced a notable recovery, surpassing the MA50 with a significant surge in trading volume. This occurrence indicates a high likelihood of the ongoing bullish trend.
2. Substantial gap emerged in the price following the government's announcement regarding the adjustment of prices for eggs and chicken meat
3. However, it is essential to monitor the price action to ensure that the price maintains its position within the gap area, as any significant deviation might influence the trajectory of the anticipated price target.
Usage of OBV, RSI and Volume1. Combination of PVA is very interesting and powerful tool that we can used to predict the price trajectory.
2. In the example above (LAYHONG, a poultry stocks in Malaysian Stocks Market).
3. This is my analysis on the stocks:
a) Price making lower low and retesting a major trendline.
b) Low volume while retesting the trendline
c) A bullish divergence is shown in RSI indicator
d) A bullish divergence is shown in OBV
e) Clearly this is an opportunity to go long as bullish divergence plus testing support zone with low volume.
A Breakout Signal!The candlestick indicates a price breakout due to significate price movement with volume confirming the price movement. The Price closed above the MA200 line, hence with the possibility of a strong price uptrend pattern towards the next price resistance.
A precaution where the RSI is above indexes 70 where LAYHONG becomes overbought.
MACD and OBV indicators confirm the price movement towards the next price resistance.
Let's save LAYHONG in WL and watch out for significant price movement with volume towards the next price resistance.
R 0.275
S 0.240
Layhong Monitor Position for re-entry, Fundamental ChangesHello everyone, if you like the idea, do not forget to support with a like and follow!
Fundamental Analysis
Layhong is under poultry sector in Malaysia. Malaysia currently under MCO 2.0 lockdown, and potentially an extension of lockdown.
Festivals seasons for Poultry Sector like Layhong consider as Peak Seasons.
With MCO 2.0 lockdown in Malaysia, Restaurants & Business cannot operate as usual.
It will impact Layhong Fundamentals Business Performance for the upcoming 2-3 quarters.
Therefore, fundamentally, the prospect of the sector will not be great!
Technical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
Good Favourable Risks-to-Reward for myself on Layhong will be around Major Support 0.285 area. Will Monitor and return to Layhong if reach this Major Support Area.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
Layhong Losing Momentum, Observe for entry at Major Support AreaFirst I always look at the chart first, identify which market structure we are in?
Personally, I look at Layhong now currently breaking below MA 200, will head to around MYR 0.28 Support area .
Myr 0.28 Support area for Jaks will be a lower downside risks investment. Currently not suitable for entry while we continue to monitor. Momentum indicator also indicating Jaks losing momentum, Signalling exit!
Myr 0.28 will be great position for myself to observe and entry while setting 1 ATR stop Loss below incase the selling pressure continues.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices.
Kindly follow me more for value investing =) Lets keep learning together!
LAYHONG 21 DISEMBER – PONTESI TERUSKAN KENAIKANSektor: Consumer Products
Sub Sektor: Agricultural Products
Status Indeks: Buat HL dan meneruskan kenaikan (uptrend)
Status Fundamental: -
Market stage: 2
Trading Plan:
Target Price 1 (TP1) - 0.44
Target Price 2 (TP2) - 0.495
Strong Support (SS) - 0.38
Cutloss (CL) - 0.365
Cadangan 'entry':
1) Harga kemungkinan akan naik terus pecah R3 / ATH dan R3 akan dijadikan RBS.
2) Harga kemungkinan akan jatuh ke sekitar 0.36 sebelum buat kenaikan semula.
Komen 1: LAYHONG dalam keadaan uptrend dan sedang buat HL selepas muncul bearish engulfing setelah breakout R2 dengan high volume. Mencuba untuk breakout R3 tapi tak berjaya.
Komen 2: Berjaya break dtl1 dengan high volume dan cubaan untuk break dtl2. Analisis moving average dapat dilihat MA20 dah mula cross atas MA50 (sign of uptrend) dan harga sudah naik jauh dari line ma.
Komen 3: MACD positive (biru atas merah). RSI & stoch bakal berada di overbought dan masih ada momentum. Volume tertinggi berbanding volume sebelumnya.
Boleh ride the trend untuk short/medium swing.
** Penafian: Hanya untuk pembelajaran dan tujuan kajian sahaja. Tiada 'buy call' diberikan.
** Selamat berdagang!
LAYHONG - BULLISHLayhong, has most likely done its deep correction and it is now in reversal uptrend phase.
This is supported with Price - MACD divergence, and price broken out from its recent flag pattern.
Its near term resistance is around 0.51, but the stock is bullish in long term once 0.51 is further broken out.
Happy trading.
