SCOMNETEP 1.53/1.55/1.56
TP 1.64
SL 1.5
Backtest result from 2022-08-12 11:30:00
48 trades
90% win rate
p.s: not a financial advice
#deepagiscreener #tayor #bursa #bukanbuycall
SCOMNET trade ideas
I Think Scomnet Will Make W2Then on the way to sub wave 3 to complete W5 . This is my prediction only.
My Prediction On SCOMNET soon will end correctionWTF Now in Correction W4, and sub wave 4 to 5 in C.
Supercomnet Technologies Berhad is based in Sungai Petani, previously named Supercomal Wires and Cables Sdn Bhd.
3 Main Businesses:-
1. STB (Supercomnet Technologies Berhad)- Customers
a. APTIV-US and British car assemble companies, there is an IPO in new york.
b. PERMINTEX FURUKAWA-Local company in Kedah. Auto car wiring.
2. SAC (Supercomal advanced Cable)
Involved in the installation of Cable Harnessing products. The main customer is PSA Group from France.
3. SMP (Supercomal Medical Products)
The main customers are Edward Lifescience and Ambu. Edward - New York based company builds Medical heart treatment devices. While Ambu - Danish company -Single Use Endoscopy.
Potential: High profit Margin +-20%, Being transformed to Fully Automatic in production, Factory Expansion is underway and New products (Falcon G, C, D). Mermaid D-Clot .
scomnetsimple 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
SCOMNET DOUBLE BOTTOM PATTERNBeside the VCP low cheat pattern i shared earlier (link below), SCOMNET also match another pattern called DOUBLE BOTTOM.
A: Beginning of the base
B: Bottom of the first leg
C: Middle of the W (important area)
D: Bottom of second leg
E: Top of handle (important area)
F: Bottom of handle
Price/Volume action looking real good! Not sure if a rally will come soon or not. Let's see!
SCOMNET VCP (Low Cheat)Recently market is bad and not much stocks showing setup.
SCOMNET is one of the least that showing a nice setup. 7% tight area for 10 weeks. Overall price and volume actions are nice!
Waiting strong demand and breakout.
MYEG still setting up as well. Kindly refer to MYEG link for my pervious sharing.
Disclaimer:
Not a buy call recommendation, just technical analysis sharing based on chart pattern and technical indicator. Trade at your own risk.
SCOMNET MALAYSIApuliing back. did no break resistance
chance to buy on dip.
monitor for low risk entry.
good performance in bad market
SCOMNET TECHNICAL ANALYSISTechnical analysis for SCOMNET Stock based on Trend Analysis, Chart Pattern and VPA
1) In Monthly TF
- Overall trend still maintaining the long term UTL with highest VAP 0.120 as strong support.
- Current price candle trend had retracement and rebound at Fibo 0.50 area implies indecision occur-supply and demand try to overcome each other. Current price candle trend rebound and moves higher with upper wick and below than average volume indicate weaken bullish.
- Latest OCT 21 monthly candle shows a short body with upper and lower wick accompany by low volume signal indecision-reversal may occur.
2) In Weekly TF
- Overall trend still maintaining the long term UTL and break out the mid-term DTL indicate the end of mark down phase.
- Current price candle trend moves in shorter range with low volume with significance VAP in 1.785-1.865 indicate accumulation phase occur. Pivot high can be seen clearly in this TF.
- Latest 1 Nov 21 Weekly candle show a short body with upper and lower wick accompany by average volume signal market in congestion. This may indicate another Pivot high.
3) In Daily TF
- Overall trend still maintaining the immediate Support line and the possibility of Bullish Pennant pattern to occur with highest VAP in 1.765-1.790 area as strong support.
- Current daily price candle trend is retraced and staying at Fibo 0.36 area are considered neutral retracements in healthy trend. Current price candle in congestion period with price candle move in short range accompany by low volume indicate accumulation phase occur with highest VAP in 1.765-1.790 area as immediate support line.
- Latest 5 Nov 21 candle give a long bullish candle with upper wick accompany by very high volume indicate strong selling pressure still occur in the stock. Price may move lower back to immediate support to remove seller and build up the momentum.
SCOMNET STILL IN DTLMy expectation it will continue DT as long as not BO from parallel channel.
Still can get profit if use ABCD to measure the support & resistance in channel.
#TAYOR MYX:SCOMNET
LOW CHEAT SETUP SCOMNETTechnology sector.Strong fundamental background.Institutional support.Technically,forming low cheat setup.Look for upward breakout of pivot point with high volume to confirm setup.
$SCOMNET - Waiting for any buying opportunity$SCOMNET - Break the downtrend line . with higher volume compare with Average DNV. If can maintain above downtrend line support, may look for buying opportunities.
SL 1 - Downtrend line support
SL 2 - RBS
SL 3 - Major Support line
SCOMNET Bullish Underway For long term and my prediction it will go to W5 in 4 Months. Just my 2 cents only
Trend Rider 18.1. Weekly in strong uptrend, EMA 10>EMA30>EMA200.
2. Downtrendline broke at H4 and forming Wave 2 with reversal at 0.382 Fibo level. Price action above EMA 200.
3. Reversal candlestick can be seen at H1 (bullish engulfing).
4. Bursamarketplace rating 7 (Mom 10) CTP RM2.4, isaham 10.1, i3 ATP 2.43.
5. From TRS Screener (D10).
Scomnet - potential pullback Price back to demand zone
Formation of morning star candle
Make your own judgement
ScomnetWaiting for breakout
#momentum
#Volume
For sharing & education purpose only, not a buy or sell call.
Thanks
SCOMNETAlthough surge up from the bottom and gained about 25cent, seem like is rest time now at this level. Hopefully, it could stand for longer time and while waiting better sentimental in the whole bursa.
Resistance 1.94, TP 2.14 then 2.40, SL 1.75..... RRR not attractive >_<
The idea is my own view and for educational and sharing purposes, not buy nor sell call.
Bullish GArtleybright future for this company.. is this bullish gartley pattern could be the reason to jump into uptrend and ride the stocks for the long run? TAYOR
Potentially Super Growth in 2021Potentially Super Growth in 2021- SCOMNET
SCOMNET(0001) will most likely break out from the interim resistance for RM2.16 to retest its previous high of RM2.38. With RM2.00 as support, the Reward to Risk Ratio is about 4 times
SCOMNET STOCK PICK FROM EXPERT 03012021
2021 STOCK PICK FROM EXPERTS
PURPLE LINE = STRONGER SUPPORT
RED LINE = MINOR SUPPORT
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your Own Due Diligence
SCOMNET1. Fundamentally SCOMNET is a good counter.
2. If price can break the resistance, trend will continued.
