SUNVIEW trade ideas
An Uptrend Divergence in Candlestick Pattern!The candlestick pattern indicates a divergence signal where the price closed above the MA20 line. The results in volume were minimal due to yet to cross above the MA20 line.
MACD and RSI indicators indicate a positive trend which aligned with the candlestick pattern.
Let's save SUNVIEW in WL and watch out for significant price movement where the result in volume exceeds the MA20 line.
R 0.800, 0.840
S 0.695
SUNVIEW Rebound from MA50Today, the price moving from MA50 with volume and it looks like the stochasticRSI want to make crossover. Not only that, there is a good sentiment for the company as Malaysia are moving towards Renewable energy. Moreover, TNB will hold The Energy Transition Conference soon and probably there will be a good news for Renewable Energy company.
SUNVIEW DOUBLE BOTTOM SETUPDuring the 3 months offseason rest period, I read back the book How to Make Money in Stocks by William O'Neil. And found this stocks when screen through the stocks screener.
Double Bottom Setup using weekly chart. Price attempt to breakout on 19th June and experience natural reaction (Pullback) and form a pivot point.
Risk wise ~6.5% which is consider low risk entry. Let's see.
Disclaimer: Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
Sunview Simple Chart AnalysisSunview - Rst 0.645 Supp 0.515
Very likely a repeating pattern here. Base on the movement, it will retest 0.645 level again.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
