LBS trade ideas
Is LBS in sideway pattern?There is no significant price movement and volume which leads LBS to a sideway pattern now. Volume from recent traded also showing it lesser than Volume MA20. Watch out for MA20 and EMA50. If MA20 crosses up EMA 50, then it will long position. Put it on your watchlist and see if there is significant price movement to confirm it in BreakOut (BO) signal. Hence, it is a Divergence or change in pattern to an uptrend pattern.
R 0.485
S 0.455
Golden Wave - Elliot wave (Impulse)The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
* Minor wave 3 in 3rd impulse major Elliot Wave
* Strong Bullish Momentum volume unusual
* Steepness of a trend line increases from 45% to 70% deg
* Strong Break in bar retracement symmetry leading to a change in trend behavior
* Bullish gap up price action
Luminous Bullish SignCorporate Name : LBS BINA GROUP BERHAD
Symbol & Code : LBS (5789)
Board : MAIN
Shariah : Compliant
Sector : Property
Sub-Sector : Property
• Weekly: LBS underwent short 4 months stage 1 (accumulation), failed 200MA breakout once and now gaining momentum after entering stage 2
• Daily: 20MA steadily increases above 50MA, while prices is taking the momentum of 50MA support line
• EP: 0.42-0.44
