SCGM trade ideas
SCGM IN TRIANGLE FORMATIONConsider to study, analyze and monitor SCGM's daily chart where it appears to have formed a triangle pattern.
<TradeVSA> Strong Reaccumulation with Green Pentagon - SCGMSign of Strength in the chart:
1. Green Pentagon in Daily and Weekly Chart
2. NS Signal in Weekly Chart
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
SCGM Pump incoming?Price has been dumping since Aug 2020, but we can see that it has formed a falling wedge, all along the last bull run. Price is currently near to the origin of the pump and we can see that price formed a base (1.845-1.67) above the previous Significant Resistance level. On top of that, we can see some manipulation on the 2.11 price point where price seemed to have slowed down to form multiple supports and broke it today. Fib levels matched for extra confluence.
*DYOR on fundamentals.
MYX:SCGM
VCP SETUP SCGMGood fundamental company.Latest quarter report increasing in QOQ and YOY.Technically,forming typical VCP setup.
a challenging Break Even areas. a challenging breakeven areas unless the stock fundamental is having Golden Rules
SCGM making CnHScgm is already seen to make Cup and Handle for me to take it into my watchlist. Any closer to uptrend line will be discount.
SCGM created Rising Wedge Chart PatternSCGM has completed the rising wedge chart pattern.
Expected to do a slight pullback before continuing the decline to
fibonacci retracement levels.
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
SCGM - Support at MA200 is AffirmedSCGM
Theme: Packaging
Rst: 2.80
Spp: 2.52
Valid theme play and improving technical metrics, with latest candlesticks continue to sustain above MA200 trendline, the stock shall see further upside being unlocked.
SCGMPattern Inverted head and shoulder
Right Shoulder support @2.09
First B signal appear, while chocolate ball supported
Short mid term bullish
Fibonacci 1.0 = 2.82,
Fibonacci 2.0 = 3.54
SCGM - Candle.Break.Retest.Entry1st Idea: Hit CL . Refer link attached.
So i come up with the next idea.
Entry Strategy:
1) Direct Entry ride till TP
2) Wait for retracement inside purple zone and ride till TP
Chart:
1) Break DTL
2) Break the SZ
3) Retest the SZ (which now become DZ)
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
SCGM - Potential Rebound possibleEntry Strategy:
1) Direct Entry ride till TP
2) Wait for retracement inside blue zone and ride till TP
Chart:
1) Bull run in year 2020 the following by major selldown in the same year.
2) Weekly compression observed - possible to be a good support for avoid the price to break down further.
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
SCGM - START MONITORING FOR COLLECTION AT LOWER LEVEL
IDEAS:
1. Start monitoring as share price plunge with banker shares start collecting.
2. MCDX & RSI indicator still not good looking
3. Consider to collect around 1.50-2.00 depends on the indicator signal
SCGM LONG, Good Risk-to-Reward RatioThe idea of swing trading is to capture ‘one move’ in the markets before the price reverse against you.
This is done by entering your trades from an area of value and exiting it before opposing pressure steps in.
Swing Trading Checklist :
1. Are you entering from an area of value?
a. SCGM : YES (Major Support Area )
2. Do you have a valid entry trigger?
a. Yes, Personally I will average buy in few trades in Major Support Area
3. Is your stop loss away from market structure?
a. Yes Low of the Major Support Line – 1 ATR
4. Is target profits within reasonable reach?
a. Yes, Good Risk to Reward Ratio
Area of Value can be Support & Resistance , Moving Average or Trend Line etc.
MALAYSIA STOCKstudy purpose, william R, stochastic, MACD, and rsi show asignal buy for SCGM, it also has just touch a support line. i believe that price will go up and create a uptrend
SCGM TP +20%As on the chart shown, this is key level support,
and a VCP pattern is formed (flag pattern)
looking at the risk and reward ratio,
TP will be 20% from here and cut loss will be 5% below
SCGM Good Time to BUY?SCGM looking good with their profit.
1. After a long trending market price stop for accumulation or distribution.
2. Forming a descending triangle indicates a continuation of the bullish trend.
3. Stoc oversold for Daily TF.
4. Bearish volume diminished.
Entry
1. Good entry if TF 1H have SV
Target price
1. 1st TP will be 3.900 if break the triangle.
SCGM - Triangular Consolidation - Long At Lower Boundary
Please consider your own interpretation of Opportunity & Risk:
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment advises to any parties. Do not trade solely on the information posted in this page. 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.
PENAFIAN: Analysis ini hanyalah untuk tujuan rujukkan dan pembelajaran sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
SCGM VCP In Progress??? Disclaimer: This is just a sharing purpose and not a buy call.
Seem like SCGM already gone through 2 contraction and 3rd contraction is in progress.
Volume also getting dryer compare to previous.
Strategy:
Waiting the 3rd contraction to develop.
Only consider to enter if the price able to stand firm back above MA50.
Enter point will be during it breakout the previous high.
Similar to previous Solution trade. Link is below.
#Patience is the key to success.
Bullish Signal Shown in SCGMSCGM's breakout from recent high/resistance (rm3.27) and close at 3.32, very likely to move up further, the next resistance should be rm3.50.
