SLVEST trade ideas
SLVEST - bull flag patternThe stock has breakout from cup and holder pattern (TP 2.17), and currently forming bull flag pattern. Its best to buy on dip inside the flag (find reversal candle), or wait for the flag breakout at 2.14
EP Buy on dip in the flag, or breakout flag 2.14
TP 2.17 (cup depth), 2.4 (target pole height)
SL 2.0
Sentiment: Green tech bullish due to US Election result
Bullish BreakoutSLVEST has recently made a pullback on resistance level at Fibonacci 1.618 early this week, followed by a Symmetrical Triangle formation on H1 timeframe and has recently closed above this continuation pattern. Our view is still Bullish with the next price target at 1.97. Key support is at 1.40 - exit below this level.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SLVEST - New Q2 net profit jumpsSome info!
- Revenue for the quarter fell by 39.3% to RM62.16mil from RM102.4mil previously as a result of a lower contribution from large-scale solar (LSS) segments as most projects were completed
Notably reminder!
- Prediction are base on previous harmonic patent
- 6's new price point suggested
A higher high and higher low with a good reward ratioArea A and Area B had been served as a strong support and resistance. Bullish engulfing candle had been appeared after the higher high and higher low pattern, which means the buyer had started taken control the market with supported of the positive momentum. Besides that, there are 1:2.25 risk reward ratio. It is a good position for all the trader.
STOCK TRADING : 18) solarvest - top 20 jewel series of malaysia -top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
this is trade 118) frm haidojo trading…SLVEST has been in UPTREND since its inception in 2019…the recent “Big Fall” which happened in mid-March had sent it to a new low, at RM0.50…since then, it has rebound more than 300%...
current support : RM1.15-1.28
strong support : RM0.93-1.00
resistance : RM1.37-1.43
higher resistance : RM1.60
Overall, SLVEST is in an upward trendline…so KIV(Keep In View) for this one…
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode shall not be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
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