SWIFT, near support?>> Price at bottom of Parallel Channel, possible rebound? Once broken the channel will look uglier.
>> 0.595 the nearest resistance.
>> OS counter, some traders like to trade bottom. On the contradict, I trade another way.
If you ask a trader - the question I will ask is this, assuming I do not have positions yet, and at this price point, will I buy in?
If the answer is no, I will sell.... But that's a trader... Maybe you should also ask yourself, how much do you and other like or patronize their business?
Disclaimer :
Please be informed that all stocks pick are solely for education and discussion purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
SWIFT trade ideas
SWIFT Entering Stage 2?Recent Red Sea crisis might benefit logistic industry.
SWIFT seem entering stage 2 and testing it 0.570 support. 7% Risk.
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.
SWIFT - Window dressy?>> 1h and daily charts respectively at FVG area. Can it break above?
>> Need to be intact with Hull MA, if on daily time frame turn red, traders should be cautious that it may down further.
>> 545 ~ 535 area as next support level.
Any counter want to be discuss? Feel free to comments.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
Range-bound trading since last JuneI usually start with a higher weekly timeframe to analyze the market structure & will only go into the Daily timeframe, or lower, if the weekly chart is interesting.
I am not expecting much action until the Resistance of 0.59 is broken.
As per title, it is now trading in a Consolidation phase after the sharp Down Trend from Apr 11th to Jun 13th last year.
Swift Houlage BreakoutSwift Houlage is a logistic company operates in Malaysia & Thailand. It became public listed in year 2021, the IPO price was at Rm1.03.
In my perspective, the management has fresh ideas in navigating the company to expand further. This could be seen when Swift has expanded its fleet by adding 50 prime movers last year, and is keen to be the first logistics player to transition its fleet to renewable-powered trucks, as it commits to procure only electric prime movers or trucks powered from 2030 onwards.
On chart pattern wise, there was a huge upward surge from 15 Sep '23 to 02 Oct 23 at the range of 0.475 (lowest) to 0.585 (highest) ranging 23% up.
From that point on, the price had been cosolidated in a bullish falling wedge pattern until it show a breakout from that trend today, by closing at 0.545 cancelling 2 times of "lower high" chart pattern.
We also can see the MACD had made a golden cross, and today's volume is above 20 days average.
At current point,
1) the previously resistance 0.520 had become support while S2 is sitting at 0.505.
2) next resistant R1 is 0.585 and R2 is at 0.610.
3) breaking out from 0.610, it may go to 0.625 to fill the gap that it created on 13th Jun '22.
On the bearish side,
if it cannot close above 0.585, it will create double top pattern which may bring it to 0.480 or 0.440 at final support.
Disclaimer:
This is not a Buy / Sell call. This material is for learning purposes only.
Consult your financial advisor and trade at your own risk.
SWIFT - TA1. Price candle break out MA 200 on 20 July '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 from 21 Aug '23 to 1st Sept '23 to shake out weak retailers. Price candles break out MA 200 again on 4th Sept '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 22 Sept '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle has BO strong resistance (0.51-0.52) on 22 Sept '23. This may become good 1st EP.
6. From EW perspective, price candle may continue upward trend until reach sub-wave III target price which is the next strong resistance. Once price candle reach sub-wave III target price, expect PB may happen to form sub-wave IV. At end of sub-wave IV is may become next EP.
7. Main wave 3 is still far away to reach. Chances for good EP still exist.
SWIFT - Breakout of downward trendlineComment :
1) DDX+ indicator - uptrend fund candlestick, overall inflow of fund
3) MCDX+ indicator - banker bar has increasing while retailer bar has disappeared
4) SWIFT broke out downtrend line on 21st Sept with large spike in volume. Looking forward SWIFT to reach our TP at 0.585 & 0.665
Support & Resistance :
R : 0.585 & 0.665
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
SWIFTSWIFT (5303): Listed on the Main Board; Transportation & Logistics, Container Logistics
Trade on the potential breakout from the accumulation phase by considering fundamental factors that could drive SWIFT's stock price.
Potential Points to Look Up:
1. ESG Initiatives Impact: Understand the financial and operational impact of SWIFT's green initiatives on its bottom line and how it aligns with global ESG trends.
2. Warehousing Strategy: Dive deeper into SWIFT's warehousing expansion plan, its financing, and expected return on investment.
3. Competitive Position: Assess SWIFT's market position compared to other logistics players in Malaysia and how it stands to benefit from the booming e-commerce sector.
4. Fuel Costs: Monitor global fuel prices and their potential impact on SWIFT's operational costs, given its significant role in the logistics business.
5. Global Economic Factors: Stay updated on global economic conditions and how they might impact the demand for transportation and warehousing services in the region.
✅Current price: RM0.465
✅Entry: RM0.450 - 0.500
✅Stop Loss: RM0.440
✅Resistance: RM0.515/0.665/0.785
✅Technical Target: RM0.58/0.665/0.785
✅MAYBANK, BIMB & KENANGA TP: RM0.52/0.58/0.87
✅Risk Profile: Low
Hydra_X
22 August 2023