SOLARVEST - Short Pullback Before Reach Fib 127.2% ExtensionOpportunity and Risk
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SLVEST trade ideas
SLVEST - Masih Tenang di "POSISI'Kelihatan SLVEST tenang dalam keadaan UPTREND pada paras harga ditutup iaitu 1.46
Adakah SLVEST mampu mencapai nilai PHV 1.53? ?
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Sama-sama kita perhatikan perjalanan kaunter ini
DISCLAIMER:
Segala kajian adalah bertujuan proses pembelajaran dan halatuju kaunter tersebut. Till then, happy trading & TAYOR
SLVEST Trend Line AnalysisMy humble analysis as shown below:
1. Observed the RM 0.915 support trend line (green) still valid.
2. 23-28 April correction but didn't break the support. On 28 April candle, observed higher buy force can price closing accurately on the support RM 0.915.
3. 29 April shooting star candle, price still close RM 0.925 which is above RM 0.915.
4. 30 April shooting star candle as well, price close at RM 0.945 compare to 29 April price RM 0.925.
5. Volume on 30 April also stronger than 29 April.
Overall Slvest chart is nice and I enter Slvest at RM 0.950 with support set at RM 0.915.
Immediate resistance on 1.02 to close the gap. Attempt to break on 23 April but failed.
I foresee Slvest will attempt to break RM 1.02 again.
With government announce majority economy sector being allowed to operate starting 4 May 2020. Possible to break RM 1.02 on 4th May?
Let's see.
{SWC}——SLVEST, Bullish MA Cross! Thank you for your continued support :)
Strategy: MAs Cross
Bias: Bullish. SLVEST share price crossed down short term MAs on 24 Dec 2019, and crossed up 5 & 10 MAs since last week. However, the share price failed to maintain above 20 MA, thus it retraced to have a momentum recharge period before another spike up.
SWC covered this counter few days back in Jan student group when a lower entry.
SLVEST successfully crossing up these 3 MAs with a long bullish candlestick today.
The next resistance might be hitting is RM0.825 after the immediate resistance at RM0.805.
R: 0.805, 0.825, 0.850
S: 0.765, 0730