P.A. RESOURCES P.A. Resources Berhad, an investment holding company, is engaged in the manufacture and sale of aluminum products primarily in Malaysia. Aluminium is one of the huge demand products in future for the E.V. car.
From the chart we have found that price are making higher low and sit on SBR at 0.490 - 0.515 zone area. If break 0.560 can going further to north and again will make it all time high price above 0.600.
PA trade ideas
PA Consolidation BO possibleLast bullish candle showed it was trying to breakout from downtrend line resistance to end its consolidation phase. Positive indicators: MACD golden cross and RSI has much room to go. Banker at 68%.
Support at 450, resistances at 505 and 535.
Disclaimer: Trade at your own risk.
PA is looking for a direction, Bullish inclinedMYX:PA
PA has consolidated for the past 2 weeks with diminishing volume. Its price range is also tightening as seen on the chart, A breakout from this range would confirm its immediate trend.
Currently its MACD is flat and above 0, any movement upwards or downwards would result in a GC/ DC.
I am bullish on PA. For the past 2 weeks its volume depicts buyers gaining control over the price movement. (i.e. Up days are accompanied by higher volumes compared to down days.)
A break above 0.490 next week will be a bullish sign. Conversely, a break below 0.450 should be a cause for concern. Good luck.
-FairTrades
PA - ideas updateNotes
- By using Trendband chart, its shows a bullishness price action. Look for best entry and exit.
- Suggest TP-01 +8%. TP-02 +12%
- SL -6%
- For Intraday buyer - suggest TP- +4%, SL -2%. Buyer at any area Zone-1 in every entry made.
- 2weeks buyer. suggest buy at Zone-2 if retracement reoccurred.
PA - idea update!Note
- There is no sign of doji. which is buy and sell price meet in middle. but determine from chart, it is possible the price might goes up.
- If correction happen, the retrace should declining until New S1 line. Or watchout if its break even sooner, my suggestion for entry will be in between S1 line
PA situasi semasaPrice masih lagi bermain di support 0.165, kelihatan market lebih cenderung hanya untuk membuat sedikit penurunan
sebagai langkah tawaran kepada pelabur kecil, Garisan fibo 0.618 belum ditembusi oleh harga, secara keseluruhan market masih lagi dalam keadaan Uptrend, dijangkakan harga mampu mencecah 0.205, sekiranya harga 0.205 ditembusi harga mampu mencecah 0.285. apa apa pun market boleh berubah!
22/11/2020 PA - Valid rounding bottom pattern (TF1W)Rounding bottom pattern validated after neckline broken last 2 weeks.
Last week the price has broke the resistance since 2013 with volume.
TP1 0.175
TP2 0.225
CL 0.13
1. PA is on a strong recovery trend in technical and fundamental.
2. Aluminium spot price and demand is increasing.
3. First solar (NASDAQ listed company) is their client, which is going to benefit them even more in future.
4. The price is just waking up, it will continue go up until share consolidate done, and might go even higher.
KLSE: P.A. RESOURCES - Compound Fulcrum ??This Malaysian stock listed on the KLSE has been basing for the last 5 years, possibly forming the rare "Compound Fulcrum" pattern.
Price has broken out of the right shoulder high and pulled back slightly in the last week.
This week will be telling if the move has legs to continue higher or further consolidation is up ahead.
ALL IN MY CASH TO THIS STOCKPA or P.A RESOURCE a manufacturer company that produce aluminium billets. it is category in metal sub sector. This stock is a super penny stock but there is something brewing for sure. In term of fundamental, this is not really a strong company to invest, however from technical analysis it is something we all should looking at, and take opportunity from the short term bullish for this stock. Plus, shareholder keep acquired the shared.
I would say, fair price to entry is 0.065. target price?
Im looking at around 0.120. But when you decide to invest in penny. Patience is the key for your success, and when you decide to BUY. BUY BIG!!