My First Trade AnalysisSupport Line: 1.605
Resistance 1: 1.830
Resistance 2: 2.10 (All time high)
EP: 1.670
TP: 1.830
CL: 1.585
RRR = 5.3:9.6
If breakout at 1.830, Resistance 1 will become support.
Target to break all-time high will be :
EP: 1.670
TP: 2.100
CL: 1.585
RRR = 5.3:25.8 approximate to 5:25 which is 1:5
*Disclaimer: This analysis is for my personal learning process. Do comment and give me some ideas on how to make a better analysis. :D
SAMAIDEN trade ideas
SAMAIDEN's Maiden Voyage (of Breakout)Corporate Name : SAMAIDEN GROUP BERHAD
Symbol & Code : SAMAIDEN (0223)
Board : ACE
Shariah : Compliant
Sector : Industrial Products & Services
Sub-Sector : Industrial Services
• Weekly: It is an uptrend. I can’t say much for now
• Daily : In basketball, the one who controls the rebound, control the game. Let’s wait for SAMAIDEN to make another higher low.
• EP: 1.51-1.61
SAMAIDEN - minor pullback, wait for reversal for limited upsideIn H4, the stock still rides the parallel uptrend, but doing minor pullback within. Probably an opportunity for EP is to wait for the reversal candle at H1, and exit before resistance. Lower volume in the pullback shows its a health pullback. Stochastic still doesn't show any reversal entry.
R 1.61, 1.66, 1.74
S 1.42, 1.33
Sentimen: KPOWER, TENAGA already start moving
TAYOR
SAMAIDEN - pullback inside ascending triangleImmediate support target is at Fibo 61.8%/78.6% (1.46/1.38) and wait for any reversal candle here for buy on dip signal. Volume should continue dropping during this pullback.
EP between 1.38-1.46 (confirmed with reversal candle)
TP 1.65, 2.03 (Fibo 1.272), 2.47 (Triangle opening)
SL 1.28
Sentimen: Green tech bullish due to US Election result
TAYOR
SAMAIDEN... SOLAR ENERGY TRENDING,..... Net Energy Metering project still ongoing
Won new project on 23rd Nov. refer news below
www.theedgemarkets.com
Retracement on the 2nd wave max 0.985- 1.13
and target to rebound to 2.25 on the 3rd wave
rsi will oversold within this week..
please bear in mind, the stock share is small. therefore the stock movement is very fast... within 1 or 2 days it can jump to 2.
very good stock..
SAMAIDEN Strong support at 50% fibonacci retracement = 1.12
Now rebounce to 1.21...
Good EP =1.1-1.2
Nice =1-1.12
Reminder - the stock has low shareholder... thus it will goes up and down very fast...
Looking at the newproject by the govt won by samaiden yesterday.. it is still uptrend.. not like AT or vivocom.. goreng counter
Found resistanceSamaiden failed to close above Fibonacci resistance 2.618, indicating the share could be making correcting between current resistance and support level at 0.865. Our view will be bearish if the share breaks below 8.865.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
