N2N trade ideas
N2N Short Base VCP SetupN2N just entered into Stage 2 (Up trend Stage) and observed to develop a short based VCP.
C1: 16%
C2: 4%
C3: 3%
Currently forming a pivot point. Take note that 11 June will be the dividend entitlement date. Lets see how the price develop after the that.
Fundamental and prospect wise, N2N is looking good.
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
N2N - Triangle Formation BreakoutInverted hammer in late April marks the start of a triangle formation as prices continue to fluctuate. Connecting the lower highs and higher lows, we see a breakout but with no strong volume.
Good risk-reward by setting 50% Fibonacci retracement level as support. Targeting MYX:N2N to retest prior high in the near term for a quick 10% gain. The 85.5sen price level should be critical for further movements.
Total Turnover Moving Average (TTMA) now coincides with the 0.236 Fibonacci retracement level. With the recent market interest, trading volume approximates a turnover of all floating shares available in the market, raising 'market average prices' from 72sen to 77sen. For more information about TTMA, please refer to the openly published scripts.
Feel free to comment to discuss about the usefulness of this variable trend indictor.
Theme: Technology
Trend Rider 271. Weekly starting to make an uptrend. EMA 10 > EMA 30 but below EMA 200. Also starting to make Wave 3.
2. H4, price broke the downtrend line and retrace to 0.5 Fibonacci level also RBS. Doji formed and followed by a strong bullish candle potentially to form Wave 3.
3. Isaham rating 11.4 PE 21.9 WAFV RM0.99, i3 ATP RM1.01.
N2N ready for a breakoutChart pattern is forming a triangle, entering a squeeze.
Expecting it will challenging previous new high, around RM 0.90 (+20%)
Risk reward ratio = 2.8
CL = -7%
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
#8 N2N BOD+3M+SNRFUNDAMENTAL ANALYSIS
Sector: Technology
Subsector: Software
Business: Trading platform software
FA not good
TECHNICAL ANALYSIS
Chart retracing
MA50 overtake MA200 -- lagging bullish indicator
MA20 touch green candle -- GOOD
Stoch RSI uptrend 19%, K&D crossing
BOD on 24 June 2020
No. of shares: 597.88m -- Quite volatile
EP: 830
TP: 900
CL: 765
RRR: 1.08 -- Position sizing small
