RESINTC trade ideas
The stock is trying to recover after a downtrendBollinger Bands :
The price is currently near the upper Bollinger Band, which suggests a bullish sentiment.
Trend and Momentum :
The current upward movement might face resistance at RM0.60, which could act as a psychological or technical level for traders.
Support and Resistance :
Support: Around RM0.55 and RM0.50 appear to be strong support levels. Price bounced off from this area multiple times.
Resistance: The RM0.60 level is a significant resistance, as it has capped the price recently. A clean break above this level could lead to further upside, possibly testing RM0.64 (where there was a high in early July).
Outlook :
Bullish case: A close above RM0.60 with strong volume might push the stock toward the upper resistance levels at RM0.64 and higher.
Bearish case: A failure to break above RM0.60 could lead to a pullback toward the midline of the Bollinger Band (around RM0.58) or even lower.
Overall, the current chart is indicating a potential breakout attempt, but confirmation with volume and a sustained move above RM0.60 will be key to continuing the uptrend.
Long - Multiple Edge Trading Entry 1. Low Volume Pull Back
2. High Volume Breakout (HVB)
3. Shake Out
There is a temporary decline in a stock's price on lower-than-average volume within an overall uptrend, indicating selling pressure is weak. In additonal, the stock breakout the resistance with high volume suggesting strong buying interest and likely continuation of the upward trend.
In additional, there is a price breaks below a support level near 10 and 20 MA but quickly reverses back above it - shake out of weak hands
RESINTC - PELUANG ENTRYSupport (S) : 0.53
Entry Price (EP) : 0.545 With strong buy of 5 Market Depth (5MD)
Target Price (TP) : 0.58 / 0.610
More Price Drop to Complete CorrectionBetter wait at RM0.610/0.435
Resintech is a unique company that brings together the very best state of the art manufacturing technology from Europe and Asia together with the finest grade of Polyethylene materials to produce the finest quality polyethylene products for customers throughout the world.
RESINTECH BHD OUTLOOK 21/04/2022RESINTECH BHD :-
After a continue uptrend movement now this counter is expected to shoot up to a point 1.19 and recently break the resistance of 1.130 and is indicating to move up and if breaks the next resistance of 1.190 then can make a new high of 1.220.
It is making a candle chart formation of breakout pullback formation and the entry point is 1.100.
Resistance:- 1.130,1.190.
Support:- 1.040,0.960
The Relative Strength Index (RSI) :- 59.49
Can be a good option for a Long Term Buying.
resintc, just an ideasimple idea how to trade trending counter
use smaller time frame
don't target tp so high
but still must follow good MM
entry when signal appear
CUP AND HANDLE RESINTCSales and profit shows decelating results since past 3quarter.However,technical forming a cup and handle
RESINTC VCP SETUPHappy CNY everyone!
RESINTC got decent profit last year around Oct. Have been monitoring RESINTC since Jan 22 when it showing rigid setup back MA50.
Currently developed VCP at C3.
C1: -28%
C2: -16%
C3: -5%
Let's see if this round can spike for ATH or not.
Disclaimer:
Not a buy call. Just sharing technical analysis through chart pattern. Trade at your own risk.
RESINTECH VCP AGAINI traded RESINTC back then in Oct 2021 and got profit around 25%. (Previous idea in the ink below)
RESINTC experience major profit taking from 12 Nov till 6 Dec. This form the C1.
Price and Volume return back strong on 21 Dec 2021 - this caught my attention After that price undergo natural reaction with volume contraction. (C2)
Price and volume surge again on 27 Dec. Then another round of natural reaction. (C3)
Price and volume surge again on 3 Jan 2022. Let's see if this round breakout strong or not!
Disclaimer:
Not a buy call recommendation. Just technical analysis sharing based on my personal experience in chart pattern study. Trade at your own risk.
RESINTC VCP SETUPRESINTC VCP setup in progress with below contraction:
C1: -31%
C2: -17%
C3: -8%
Volume of recent 2 days indicate something is coming. Let's see.
Disclaimer:
Not a buy call suggestion. Just sharing on the technical analysis through chart pattern. Trade at your own risk.
RESINTC WILL FORM BAT PATTERN?Bat pattern will be form if reach to 0.886%.
For comfirmation it must BO and closed above B level (white line).
Cutloss price is A level (red line)
#TAYOR MYX:RESINTC
Is It an Uptrend Pattern?A significant price movement make RESINTC closed above MA20. MACD and OBV charts also showing a positive divergence. It is a beginning of a long trade position. Put this in your WL and watch out for a Break-Out (BO) pattern this week.
You can consider using VWAP 15 minutes chart to identify Entry Price (EP) and place your bid below the VWAP line. Because generally, the price will retrace back below the VWAP line. Test it first if VWAP can help you identify the EP bid.
R 0.730
S 0.600
Resintech R1 : 0.62In W1 and may be pull or retrace to Fib 0.5/0.618 and then to W3 at Fib Ext 1.618
Hit TP - Overbought AlertResintech opened with a gap above our target level at 0.645, which likely to be an exhaustion gap as the overbought alert is seen on daily RSI. The price however, failed to close above Fibonacci barrier at 0.825. Be cautious as the price is likely to pull back from resistance level. New support level is seen at 0.645.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Bullish signal detected in RESINTCUsing our BMS signal system was able to detect such bullish move today. We have already noticed this bull alert since last week and true enough today market open gap-up and price move up. We are very confidence with the signals detection algorithm continue to provide us with further signals. Last minute profit taking today and created a long upper wick. We will be Neutral and cautious in the market in an uncertain market.
RESINTC Possible at "Buying Climax" Volume! 2/August/21RESINTC ( Sorry. I dun even know what The Hxxx ) this stock is ..Currently trading as top of the most active (Volume) list in BURSA trading .. Probably at the end of "Bull Trap" trend as price seem forming at the end of an expanding flat pattern ABC (Red Circle )
RESINTC - ready to fly???Refer to the EPRAF indicator, last Friday at RESINTC there was an interesting color line in accordance with the “Harga Paling Murah Orang Beli” formula. With an attractive MACD Signal and Stochastic above the 60 level, RESINTC is expected to continue rising this Monday.
Breakout Strategy Kaunter: Resintc
Sector: Industrial Product & Services
For Breakout strategy, entry will be mad after swing entry exist followed by positive MACD.
RRR: 1:1
R: 0.575
One bid upper R is 0.58 but price ranging from 0.58-0.585
Decided to enter at 0.585
EP: 0.585
TP: 0.62
CL: 0. 55
