SCOMNET trade ideas
SCOMNET - watch thisMYX:SCOMNET price has been growing about 500% since March 2020.
It is a technology based company, providing supplies in medical products.
The trend line is very consistent as a result of increase of demand in medical supplies.
June:
www.theedgemarkets.com
"Supercomnet’s main customers comprise New York Stock Exchange-listed Edwards Lifesciences Corp and Denmark-based Ambu, both of which have signed long-term agreements with the company."
Long term contract, we are expecting business deal as long as 3, 5 or maybe 10 years.
July:
www.theedgemarkets.com
"Among the critical medical devices, the group said, are disposable bronchoscopes, which are used in the first line of lung treatment for patients with suspected or confirmed Covid-19 infections, and the critical care monitoring cable that is presently being used for Covid-19 patients in the intensive care unit."
Well we know global Covid19 situation is not getting better:
www.thestar.com.my
-25mil infection
-825k death
I will watch for pullback at 1.81 or 1.75 then it's good to go.
Custom Screener With Any IndicatorTo apply your indicator with screener , please modify the section which i mention "Start your indicator pine script" & "End your indicator pine script"
At the pinescript section you will able to change the ticket symbol.
I only able to show screener result with 10 item in 1 times. To view more result, please go to setting and change stock list "1-10">"11,20">"21-30".....
Able to screener 100 items with this indicator.
Kindly change the exchange and stock in the pinescript according your watchlist.
SCOMNET Hourly Chart Analysis on 12 July 2020SCOMNET 1 Hour Chart::heart:
7/12/2020
Support : 1.13~1.16 , 1.30
Resistance : 1.38, 1.56
SCOMNET formed a huge gap that directly broke both resistance line and the previous gap was tried to be filled.
Momentum kept swinging around positive/negative side within consolidation region around 1.20~1.30.
1.38 is current main observation point as this level is the lower bound of previous huge gap.
You can send a private message or leave a comment if you are interested with the indicators shown.
MYX:SCOMNET
#9 SCOMNET BOD, 3M, SNRFUNDAMENTAL ANALYSIS
Sector: Industrial Products & Services
Subsector: Industrial Materials, Components & Equipment
Business: Wire & Cables
QoQ: 10
ROE: 9
DY: 1.2
PE: 42
TECHNICAL ANALYSIS
Chart uptrend
All MA below chart
MA20 touch green candle
Stoch RSI uptrend 19%, K above D
BOD on 6 Jul 2020
No. of shares: 643.00m
Smart money presence
Sell vol below Vol MA
EP: 1260
TP: 1410
CL: 1205
RRR: 2.36
SCOMNETMy LONG term view on SCOMNET..Expect retracement phase after bullish. There are trendline and triangle breakout which still fresh without retest - Purple zone. But dont expect price to sky rocket. 1st entry can be made if price reach 1.0 and TP 1.22.. For 2nd entry wait at decision point area. 1st entry is a bit risky as price may breakout the trendline. But if so, Just cut loss if price return back to retest the trendline.
SCOMNET Jangka Masa Pendek, Sederhana & PanjangJangka Masa Sederhana & Panjang
Sektor: Industrial Products & Services (Buat PVC & kabel/wayar untuk alatan elektronik & suis kawalan data)
Trend: Uptrend
Candlestick terakhir: Bearish Harami (Harga mungkin akan turun sikit untuk pembetulan)
Cara analisis:
Buat Market Structure High & Low ----> Support & Resistance sebanyak mungkin ikut sejarah chart
Garisan biru = S&R lebih dari 1 tahun (lama)
Garisan merah = S&R 1 tahun
Garisan pink = Harga lahir
Garisan hijau = Support terkini
Tetapan Indicator
Stoch RSI: Bawah kawasan 80 menaik
Zig Zag – untuk High & Low
Volume (5)
Fibonacci
EP: 1.475. Monitor harga rebounce di Fibo 0.618/tak pecah Fibo, boleh entry.
Support: 1.470
CL: 1.460 (1 bid bawah dari support)
TP: 1.50/1.535/1.56/1.60
Nota:
Pembetulan harga sedang berlaku sebab harga sudah terlalu tinggi.
QR report juga positif untuk 2 tahun berturut2.
Scomnet by Newbie Trading Channelscomnet 19/6/2020 are we seeing a similar flag pattern correction here? support at 1.160 , monitor this area for potential rebound and breaking above the flag pattern again
➕Public channel ➕
t.me/newbietradingchannel
DISCLAIMER: STOCK INVESTMENT INVOLVED SUBSTANTIAL RISK OF LOSS. MENTIONED STOCKS ARE JUST FOR RESEARCH, EDUCATIONAL PURPOSE. NO RESPONSIBILITY WILL BE TAKEN BY ANY PARTY
trend linesuperscomnet berehat sebelum membuat pecutan keatas, berdasarkan TCT COMBO EFFECT pada 17 jun bar hijau telah melepasi dan limit up sememangnya keesokanan harinya ia akan berehat sebelum ia naik balik. berdasarkan kajian mengunnakan TCT COMBO DAN TCT INTERSECT superscomnet akan berehat sebentar. jika pada 22 jun mementum kuat ia kan melepasi kadar rintangan 1.330 jika tidak ia akan berehat ke pada support 1.180
Journey to RM1.00Supercomnet has recorded a rise of RM0.085 from its opening price to reach peak at RM0.970. There has been slight retracement as the price closes at RM0.95, I would expect a further retracement to RM0.925.
When reaching this price, we should monitor buying and selling activity.
If buyer overpowers selling pressure, with volume higher than daily average for previous trading days (1 week period), I predicted the price can go up to RM1.00 if not higher.
Current Price: RM0.950
Entry Price: RM0.930
Support Level: 1-RM0.925 2-RM0.885
Target Price: 1-RM1.00 2-RM1.04