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EVERSENDAI CORPORATION BERHADEVERSENDAI CORPORATION BERHADEVERSENDAI CORPORATION BERHAD

EVERSENDAI CORPORATION BERHAD

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SENDAI trade ideas

SENDAI will it reach 1.05?Looking at the chart for Eversendai Corporation Berhad, here's my analysis: Current Price Action: - Trading at RM0.685, up 3.79% - Breaking out of a consolidation pattern - Price above all major moving averages Elliott Wave Analysis: - Completed waves (I) through (IV) - Currently entering wave (V) - Price target for wave (V) at RM0.925 (0.786 Fibonacci level) Key Technical Levels: 1. Support: - Major support at RM0.500 - Stop loss level identified at RM0.215 (31.39% below current price) - Moving averages providing dynamic support around RM0.585 2. Resistance: - Immediate target at RM0.820 (0.618 Fibonacci) - Ultimate target at RM1.05 (1.0 Fibonacci) - Secondary resistance at RM0.750 (0.5 Fibonacci) Trade Setup: - Risk/Reward ratio: 1.7 - Target: RM0.865 (53.28% upside) - Stop loss: RM0.215 - Current position showing good profit potential Volume Analysis: - Recent increase in volume supporting breakout - Money flow indicator turning positive - Green volume bars suggesting accumulation Notable Events: - September 2024: MYR297.855M (+25.32%) - June 2024: MYR237.67M (-529.76%)
MYX:SENDAILong
by pengamalgelombang
SENDAI - BUY ON DIP ?SENDAI - CURRENT PRICE : RM0.570 SENDAI is uptrend for long term view as the share price is trading above 200-day EMA. In short and medium term the trend is sideways. However, I expect the stock may trend higher in the upcoming sessions as there are several bullish scenario appears on the chart. i) The share price manage to breakout 50-day EMA ii) Price bounce from support level of ICHIMOKU CLOUD indicates that buying interest is sufficiently strong to overcome selling pressure iii) CHIKOU SPAN also manage to bounce from CLOUD support level iv) RSI (above 50) heading upwards and stochastic oscillator is in oversold zone v) High trading volume than previous sessions. Technically it is a BUY ON DIP for this stock. ENTRY PRICE : RM0.560 - RM0.575 TARGET PRICE : RM0.625 and RM0.690 STOP LOSS : RM0.530 TAYOR !
MYX:SENDAILong
by IMRAN_96
SENDAI enters phase 4Looking at the chart for Eversendai Corporation Berhad, here's my analysis: Current Price Action: - Trading at RM0.655, up 8.26% - Currently showing strong momentum with recent breakout - Price above all major moving averages Technical Analysis: 1. Moving Averages: - Three moving averages showing bullish alignment - Price recently crossed above all MAs - MAs beginning to slope upward, indicating trend change 2. Volume Analysis: - Recent increase in volume supporting the price rise - Green volume bars indicating buying pressure - Money flow indicator showing positive momentum Key Price Levels: - Support around RM0.50 (previous resistance turned support) - Immediate support at moving averages around RM0.55 - Resistance level around RM0.70 (previous high) Notable Events: - December 2023: MYR132.709M (+638.74%) - September 2024: MYR297.855M (+25.32%) - Strong recovery from March-April 2024 lows Trading Considerations: - Breakout above resistance with volume confirmation - Stop loss could be placed below MA support at RM0.55 - Momentum indicators suggesting continued upward movement Risk Factors: - Stock is relatively volatile based on historical price action - Need to watch volume for continuation of breakout - Previous resistance levels may act as temporary hurdles
MYX:SENDAILong
by pengamalgelombang
Case Study - EVERSENDAI CORPORATION BERHADCase Study - EVERSENDAI CORPORATION BERHAD Eversendai Corporation Berhad (ECB), formerly Eversendai Corporation Sdn. Bhd is an investment holding company. The Company's principal activity is the provision of management services. ECB's subsidiaries include EV Abu Dhabi, EV Dubai, EV India, EV Qatar, EVSC, EV Saudi, EV Sharjah, EV Singapore and SEVM. The Company owns 49% interest in EV Abu Dhabi, EV Dubai, EV Qatar and EVSC. ECB provides some technical services, such as Structural design, Detailing works, Unfolding drawings and Value engineering services. It provides complete design services ranging from conceptual stage design to connection design for a range of structures using appropriate software. ECB also provides structural detailing works services and services in unfolding drawings with 3-D curvatures for complex structures. The Company has completed over 100 projects, including projects in 10 countries, such as Malaysia, Thailand, Philippines, Indonesia, Hong Kong, Oman, Saudi Arabia, Bahrain, Qatar and UAE. Analysis of Eversendai Corporation Berhad (SEND) Chart 1. General Trend Overview: SENDAI 's stock price is showing a symmetric triangle pattern, which is a consolidation pattern. A breakout above the resistance line may signal an upward movement, while a breakdown below the support line could lead to further price declines. 2. Key Support and Resistance Levels: Main Resistance: The upper line around RM0.615-RM0.620. If the price breaks above this level with high volume, it may indicate strong bullish momentum. Support Level: The ascending lower trendline around RM0.57-RM0.58. If the price falls below this level, further downside potential may materialize. 3. Technical Indicators: EMA (Exponential Moving Average): The price is currently trading above EMA20/50/100, indicating positive momentum. EMA20 (red line) acts as additional support for the price in the short term. Trading Volume: Volume needs to be monitored. High volume during a breakout will confirm strong buying interest. 4. Stock Price Direction: Positive Scenario: If the price breaks above RM0.620 with high volume, the next target could be around RM0.65 or higher. Negative Scenario: If the price fails to hold above the support level of RM0.57, the stock may decline to lower levels, such as RM0.55 or below. 5. Recommendations: Buy After Breakout: Wait for the price to break above RM0.620 with significant volume before entering. Monitor Support: If the price drops below RM0.57, consider exiting to avoid further losses. Set a Stop-Loss: Place a stop-loss below the support level of RM0.57 to manage risk. Conclusion: The SENDAI price is in a consolidation phase. Wait for confirmation of a breakout above resistance or a breakdown below support before making a decision. The short-term direction depends on how the price behaves around the RM0.620 resistance and RM0.57 support levels.
MYX:SENDAILong
by mustaqim.mazuky
SENDAI - Looking for a potential bullish momentumThe price is hovering near potential breakout levels around 0.565. The last candle shows some upward momentum. The downtrend line indicates resistance that the price is approaching. A breakout above this level could signal a bullish move. Buy on Breakout: If the price breaks above 0.565, this could serve as a trigger to enter a long position. Set your stop loss at 0.470, just below the significant support based on past price actions. This provides a buffer against potential losses. Ensure that the risk-to-reward ratio is favorable. With an SL set at 0.470, you’re risking approximately 0.095 per share for a potential gain of 0.065 to 0.170 (depending on which TP level is hit). Adjust position size according to your risk appetite and portfolio size. Keep an eye for a clear breakout above 0.565 while monitoring volume spikes for confirmation. Ensure to manage your risk effectively with a well-defined stop loss and take profit levels.
MYX:SENDAILong
by mg6112
EVERSENDAI CORPORATION BERHADTrend : Current Situation: The recent price action shows a slight rebound from the lows, with price pushing above the moving average. Indicators : Bollinger Bands : The price is currently touching the middle of the Bollinger Bands. This usually indicates that the stock is in a neutral zone after rebounding from the lower band. The upper and lower bands suggest a period of volatility expansion earlier, but currently, the bands are contracting, indicating a period of low volatility or consolidation. Key Support and Resistance Levels : Resistance: Around MYR0.60 (past peak levels from July and early August). Support: Around MYR0.480 (recent low in early September), also aligning with the lower Bollinger Band. Possible Scenarios : Bullish Case: If the price continues to rise above the moving average and heads toward the upper Bollinger Band, breaking the resistance around MYR0.60, there could be a potential move higher toward MYR0.65 and beyond. Bearish Case: If the price fails to sustain above the moving average and breaks below MYR0.50, it may retest the recent low of MYR0.480 or lower.
MYX:SENDAILong
by Sahrin
SENDAI - Analysis on potential of price movementY wave, target (E) within stipulated range. The price is at 0.520, showing consolidation near a potential minor resistance zone after a short-term bullish reversal from the turning point (D). The price has crossed Tenkan-Sen and Kijun-Sen but needs to stay above both lines to confirm continued upward momentum. A possible entry can be considered if the price manages to break above 0.525 with strong volume, confirming a continuation of the bullish reversal. Ensure to wait for a clear break and close above this level. Watch for increasing volume and momentum as the price approaches the 0.525 level. Failure to break this level could lead to further consolidation or a potential pullback to the support at 0.500. In summary, the market has the potential for a bullish continuation if it stays above 0.525, targeting the 0.595 and 0.610 levels. However, close attention to volume and price action is essential to confirm the move. R1 - 0.525 R2 - 0.540 (Senkou-Span B) R3 - 0.570 (C) S1 - 0.500 S2 - 0.425 Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:SENDAILong
by mg6112
SENDAI - Pre Consolidation Breakout Pre Consolidation Breakout Setup. NO INVESTMENT ADVICE IS PROVIDED DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. 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.
MYX:SENDAILong
by AMTechAnalysis
1
EVERSENDAI CORPORATION BERHAD (5205)Stochastic and RSI oversold condition with MA20 crossover as buy confirmation, R/R ratio 1:1 Invest 4000 unit RM1180 Target profit - 0.465 SL - 0.125 Profit target - Rm680 SL - RM680 Disclaimer -Trading Futures, Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
MYX:SENDAILong
by taufik8888
4