MITRA - Potention on price movement analysisMITRA 1D
Y wave, target (E) within stipulated time. Reaching this target is require a bullish momentum strong enough to break 52w high.
N wave with N, V & NT projection. Price is currently inside up Kumo, indication a consolidation phase with potential for a breakout. A golden cross has occurred which is generally a bullish signal, though slightly weaker since it occurs within the cloud. This signal is stronger if price manages to break above the up Kumo.
R1 - 0.345 (senko span A)
R2 - 0.36
R3 - 0.385 (52w high)
S1 - 0.33 (kijun sen)
S2 - 0.325 (senko span B)
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
MITRA trade ideas
MITRA 19 DISEMBER – POTENSI TINGGI TERUSKAN KENAIKANSektor: Construction
Sub Sektor: Construction
Status Indeks: Breakout 185.42 dan meneruskan kenaikan (uptrend)
Status Fundamental: Sangat Baik
Trading Plan:
Target Price 1 (TP1) - 0.3
Target Price 2 (TP2) - 0.315
Strong Support (SS) - 0.275
Cutloss (CL) - 0.26
Komen 1: MITRA dalam keadaan uptrend dan sedang buat HL setelah breakout R2 dengan high volume. Candle selepas breakout pullback dengan mid volume.
Komen 2: Berjaya break 2 garis down trend line (dtl). Analisis moving average dapat dilihat MA20 > MA50 > MA200 (menunjukkan singal uptrend).
Komen 3: MACD positive (biru atas merah). Histogram masih hijau. RSI dah mula menunduk selepas overbought (terlebih belian). Kemungkinan buat penurunan di sekitar 0.275 atau turun sehingga 0.26 sebelum buat kenaikan semula.
Boleh ride the trend untuk short/medium swing.
** Penafian: Hanya untuk pembelajaran dan tujuan kajian sahaja. Tiada 'buy call' diberikan.
** Selamat berdagang!
Target LONG MITRAOverall structure is downtrend, but i am looking for buying opportunities area hidden base D1. If look to the left this is the third time price unable to break support . Nearest hurdle will be 0.250 and 0.350 , if price able to break , close and maintain above it possibility price hit target is high.
EASY123 Prediction @MYX MITRALife is simple...Trade with Simplicity!
*The trend direction: Trend reversal from Down to Up. (Must not break the S1 to maintain the trend)
*The Bottom signal (BT) sighted on 04-Dec.
*Price tested the lifeline (Redline) & close above for the last two days.
*The Bell alert appeared on 08-Oct &19-Dec, a signal continuation of momentum is coming.
*The Star alert appeared on 18-Dec, a signal of strong buying momentum.
Prediction: The immediate hot-chase (Red-dot, above the candle) will result in the correction/pullback to/nearby the lifeline (Red-line). Once completed the correction, will rally to next Resistance.
Preference Strategy: Swing trading (Follow the Buy/Sell Signal respectively.)
Target Price: Immediate RM0.33 & Next RM0.38-0.40
Cut Loss: If broke below S1 Support RM0.25
*Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it...Trade at your own risk.
<Update> TradeVSA Stock Review and Ideas1. Malaysia Marine and Heavy (5186. KL )
2. KSL Holdings (5038. KL )
3. Can-One (5105. KL )
4. Advancecon (5281. KL )
5. Sunway Construction (5263. KL )
6. Jaks Resources (4723. KL )
7. Malayan Flour (3662. KL )
8. WTK (4243. KL )
9. Mitrajaya (9571. KL )
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
TradeVSA Stock Review and Ideas1. Malaysia Marine and Heavy (5186.KL)
2. KSL Holdings (5038.KL)
3. Can-One (5105.KL)
4. Advancecon (5281.KL)
5. Sunway Construction (5263.KL)
6. Jaks Resources (4723.KL)
7. Malayan Flour (3662.KL)
8. WTK (4243.KL)
9. Mitrajaya (9571.KL)
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
Stock Review - GFM, Gadang, FajarBaru & MitrajayaSend 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
Beginning of uptrend in Mitrajaya?Strength in the chart:
1. Accumulation with shakeout
2. High volume with 18 Line Change
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