PENTA [11 November 2020] Buy On Dip in Support ZoneMYX:PENTA
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
PENTA trade ideas
PENTA [5 October 2020] Buy On Resistant Zone Break OutMYX:PENTA
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
PENTAMYXPENTA
CHART PATTERN: SYMMETRICAL TRIANGLE BREAKOUT
FAST TURTLE BUY
FIFT =VE SPIKE UP
ATOM BUY
STRONG BANKER BAR
SL 4.4 BELOW
TP: 5.45
PENTA - STILL BEARISH FOR THE TIME BEINGRETRACING AFTER FORMING DOUBLE TOP. WILL THE SUPPORT BE TESTED. PSAR STARTED TO SHOW FURTHER RETRACEMENT AHEAD
PENTA: Bullish Engulfing Sighted On weekly chart!After Morning Star at new support appeared on last 17-Aug-2020 at daily chart, bullish engulfing was sighted at weekly chart now.
Trade At Your Own Risk (and Analysis).
PENTA - Riding The Uncharted TerritoryPENTA
Rst: 5.63
Spp: 5.33
Candle with long shadow indicates weakness? Probably not as new candle emerged above upper BB, sign of strength, and not to forget the stock is now in uncharted territory, more upside to be unleashed.
PENTA kekal panjangPENTA telah berdagang di atas Purata Pergerakan 20-Hari (20MA) yang condong ke atas yang merupakan petanda baik. Di samping itu, harga hanya menembusi rintangan 5.25 yang menguatkan kenaikan dalam pergerakan harga baru-baru ini. Penembusan ini disertai oleh jumlah dagangan yang lebih tinggi daripada purata yang menunjukkan semangat pedagang untuk mendorong harga lebih tinggi dan melepasi rintangan ini sehingga memberikan kebarangkalian lebih tinggi untuk berjaya.
Trading Plan 6/2020 - PentaStrategy Uptrend Breakout Entry
I usually enter with 10% of my portfolio, then ride the trend.
Graph set up is a nice uptrend and momentum is building up, with a Inverse HnS forming
Exit Plan:
Noticeable there are 2 gap support , therefore my interpretation would be , they are strong support(which should not break), this is the kind of case I would exit at 5%, and 10% loss again
(Usually I exit at 7 - 10% loss)
Disclaimer: This is only a sharing of how I analyse & plan my trade.
Penta - Buy Up momentum may resume
(Disclaimer: for demonstrate own planned trade records for study only, not for recommend to buy or sell. If you are interested on VT Trade system and can message me for the further details)
PENTA - Bullish Breakout, More UpsidePENTA
Rst: 5.17/ 5.43
Spp: 4.98
Hammer candle, widening BB and surging RSI, MACD. This counter has all the bullish catalyst to advance. Fibo max target at 5.76
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PENTA H1 Looks Weak but there's OpportunityPenta is hovering around 4.5 Support area.
Daily chart still BULLISH and UPTREND. = Good
No Fast Turtle Sell = Good
FiFT still +ve = Good
Higher Timeframe still healthy.
However, ATOM sell and FiFT turned -ve on H1 chart (Sign of weaknesses)
PENTA still healthy as long as price staying above 4.5
Setup opportunity.
1) Option 1 Monitor hourly Chart.
Set alert notification on FiFT with condition SlowAvg crossing above 0 (FiFT turned +ve)
Set alert notification on ATOM Crossing 1.000 (ATOM Buy)
Once getting greenlight from FiFT and ATOM, wait for FAST TURTLE BUY breakout. SL below 4.40 (Short term Trade)
2) Option 2. Fast Turtle Buy based on Daily chart with condition FiFT is higher than previous bar. SL below 4.40 (Short Term trade)
Penta - Up 12% since last post.. But be carefulUp +3% but volume is a bit suspicious.. like GPacket..
Take some profit or move SL to 2 bar low to protect your position.
note : long weekend ahead and my trade is based on short term analysis.
PENTA is waking up ? Most counters are RED while Penta is moving opposite direction and againts global market direction.
Volume not so impressive but higher. Someone is cooking..
Fast Turtle Buy, ATOM Buy signal is out.
Slow Turtle Buy signal will pops up If price able to break and stay above 4.18
Monitor or risk buy.
PENTA hitting Strong Resistance at 410 April.
PENTA advance 35% since first BoD on GREEN FiFT.
Resisted by psychological resistance at 4
which is also confluence to Fibo 0.5, EMA50 and EMA200.
PENTA closes below lowest of last 2 lows of bearish HARAMI candles.
FiFT still GREEN but is Overbought.
Doji formed at EMA50 on Weekly chart
indicating that Bull and Bear is fighting.
However, downward pressure is high.
Potential support area is 3.2
Stay aside for now.
UNLESS Penta is able to break above 4 with strong volume.
PENTA - 4 Hour Chart Has WeaknessPENTA 4H
Rst: 4.20
Spp: 3.75
Early sign of softening can be observed, MACD done bearish crossover and RSI has sign of sloping downward. Remaining above MA50 is critical.
