SCNWOLF VOLATILIY REVERSAL IN EW ABC CORRECTIVE ZONECan try SCNWOLF which has been spotted as having reversed its volatility in daily time-frame and is at Elliott's Waves' ABC corrective zone.
SCNWOLF trade ideas
BREAK UPPER TRENDLINE SCNWOLF2 quarters showing losses.However price able to break the trendline with high volume.
mycronsimple 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
SCANWOLF CORPORATION BHD (29/03/2022)SCANWOLF CORPORATION BHD
It is expecting a breakout at any time in this week. After A long Sideways Movement this counter is expecting a breakout because it is gaining volume with a triple bottom formation.
Support : 0.595,0.575
Proper Risk Profiling is recommended.
Trend is in placeAs you can see, when a trend is in place, price goes strong in one direction,
than it corrects itself as the price starts to make higher
highs (HH) and Lower Highs (LH)
is an example of a uptrend,
now another correction swing highs and
wait for another impulsive swing low
SCNWOLF VCP SETUPSCNWOLF developing VCP with below contraction.
C1: -36%
C2: -9%
C3: -5%
During C2 and C3 contraction, volume observed contract as well. The price and volume interaction is good.
Let's see if will pull back another round and form a C4 or it will direct surge up. Prefer to pull back another round for more solid base take off.
Disclaimer:
Not a buy call recommendation. Just technical analysis sharing based on my personal experience in chart pattern study. Trade at your own risk.
SCNWOLF - ready to climb?SCNWOLF started a new uptrend phase yesterday. Refer to EPRAF, the upward flow phase begins when the green line crosses the red line. Did SCNWOLF start climbing this week?
A Reversal Signal!Using Fibonacci retracement chart SCNWOLF indicate a reversal signal.
MACD chart indicates an early stage of a divergence signal and OBV charts are still in a downtrend pattern.
Let put SCNWOLF in WL and watch out for significant price movement with volume or when the candlestick body is closed above MA20.
R 0.710
S 0.615
SCANWOLF, where the best enrypreditction the price in making the base
maybe take time
but the px now quite nice @ support
let see, wether the px making HH, HL
dont entry yet, quite risky
TAYOR
SCNWOLF BREAKOUT TRENDLINE AND BULLISHSCNWOLF breakout trendline with strong volume.
Breakout MAJOR RESISTANCE 0.610 with strong volume
Major MONTHLY RESISTANCE 0.780, to continue bullish patern if break 0.780.
SCANWOLFjust simple analysis
price move in channel
as long as it maintain above support or
remains in channel, considered valid to
continue uptrend
but, personally i'm not trade this counter
because the price below than RM1
for me, very risky and exposed to manipulation game
but to who interested, PLAN UR TRADE
SCNWOLF reversal coming if next candle break 540 with strong buySCNWOLF need to break resistance 0.540 and 0.610 for bullish..
for now looks in uptrend channel
Weekly candle looks reversal and strong buy volume.
This counter looks good for short swing and need break resistance for bull run
Is It a Price Correction?SCANWOLF price is still within the upper level of Bolliger Band (BB). A good sign where the price bounce above MA5. It seems to have a Price Correction.
R 0.67
S 0.515
ABCD DIAMOND UP FOR SCANWOLFMy 2nd attemp for this stock.
Setup same as before BO from B level (white line) and my target at 2.00%.
#TAYOR MYX:SCNWOLF
ABCD DIAMOND UP FOR SCANWOLFMy prediction by using Reciprocal Diamond Pattern for point C at 0.5% and if price BO above point B, it will continue rising to point D at 200%.
#TAYOR MYX:SCNWOLF
Rising WedgeReversal Patterns, now at near support will low risk. can consider. pullback with low volume. uptrend counter
SCNWOLF will go back to climbing or stop to rest for a while ???MYX:SCNWOLF Yesterday, SCNWOLF managed to close its bottom gap and when referring to the EPRAF indicator, a beautiful line arrangement was seen. The arrangement of the lines according to the “Harga Paling Murah Orang Beli” formula (green, purple, red, orange and blue) is a sign that SCNWOLF will continue its climb.
SCNWOLF - will fly to breakout 0.42?MYX:SCNWOLF
Refer to the EPRAF indicator, the green line crosses the red line. This is a good sign for a new phase of the uptrend. By crossing the new MACD and the stochastic level 40, SCNWOLF will fly to breakout 0.42 and will reach 0.475.
Will it form double bottom?** No buy/sell call **
** Solely for education purpose **
1. bearish harami form
2. the price may moving downward in near term
3. if break support line @ 0.27 then basically no need to look at it in near term
4. if successfully tested on support line then it form double bottom
WAIT TO SEE THIS INDUSTRY STOCK IS FORM AT DOJI START , HANGING MAN
DO A WAIT ON THE SECOND BAR TO FORM
IF CONTINUE UP THEN CAN BUY ON DIP , SEE H1 CHART
