REACH - Pre Consolidation BreakoutPre Consolidation Breakout Setup.
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Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
REACH trade ideas
<TradeVSA> Hidden Potential Buying in Reach Energy?Strength in the chart:
1. Accumulation stage
2. Green pentagon with volume
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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> Volume Spread Analysis Buy Setup & Signal1. 18 Line Change
2. No Supply
3. Spring
4. Pentagon Buy Signal
5. Accumulation
6. Mark-up
Potential Counters:
1. Uchi Tech
2. D&O
3. SCGM
4. Eco World
5. Reach
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
REACH - Formation of V patternFormation of a "V" Pattern. It has broken downtrendline on 17 July with a heavy volume and wide trading range, which indicates that selling pressure has climaxed. Long term TP would be 0.345, with each of the Fibonacci level acts as a support and resistance at 0.255, 0.275 and 0.305. Our B.U.Y system has also triggered today, confirming a change of trend from downtrend to uptrend.
Disclaimer: The content provided are STRICTLY for research/learning/educational purposes and NOT a recommendation for buying or selling any stocks. Please be reminded to trade at your own risk and consult your dealer/remisier before proceeding to make any orders.
SHORT TERM TRADE - REACH - BUY ON BREAKOUTREACH has been rallying for the past few days and has reached critical junction Resistance 1 (R1) with a Doji, while RSI is in the early bullish region >50%. If price break above R1, there is potential to reach R2 with sustained momentum. take regular profits, preferably at 50% and 78% from target.
If price failed to break R1, possible it will test S1 and potentially forming descending triangle chart pattern. If S1 failed to hold, next support will be S2.
