TAANN - Correction in progressJust my idea—not to be rude to others opinions. The TAANN price may want to go down to the buy zone (green box) before continuing its bullish trend.
TAANN trade ideas
TAAN MARKING UPThis is Accumulation of Rising Bottom (#2 )
Supply drying up, Demand going in (Red Arrow)
-it seems that absroption is on going
-typical of Springboard in action
Thus position initiated as attached
Short swing
Pure Wyckoff
Could go to 3 by November or December15% down from present level and with regular dividends makes for compelling accumulation in November through January
VCP SETUP TAAN3 consecutively quarter report increasing sales and profit.Currently forming VCP setup.Wait till price shoot up,break above horizontal line in high volume to confirm setup.
TAANN...swing till Next yearw3
breakout 52wk with volume
low risk with channel
upper BB waiting mid BB
To test 5 years resistant?Technical Analysis
Price maintain above MA50
Small triangle is formed.
MACD not yet buy signal.
RSI is above 50 show some strength in the price.
ADX is not yet buy signal.
Trading plan:
MYX:TAANN
Buy price: 3.400 - 3.420
Cut loss price: 3.260 and below
Cut loss percentage: below 5%
Possible take profit: 4.270
Risk to reward: 5.31
Notes:
The oscillator might not shown buy signal yet. But I don't rely much on oscillator in my trade.
Due to bad market condition, the price might only move slowly.
Disclaimer:
This is not a buy call. Only sharing of idea.
VCP TAANNStrong company,having 4 quarter consecutively increasing sales and profits.Technically,just broke up pivot point of VCP saetup with high volume
TAANN BOS of pullback with high volumeTAANN break of pullback DTL, looking for higher
R1 : 3.285
R2: 3.390
S: 3.105
Trend Rider1. TR Setup at daily. Touches MA, and Hammer CS formed at RBS. Broke the next day.
2. Weekly downtrend but just broke 200 EMA.
3. Crawls deeper to form RRR 1:4 (TBA). SL below RBS.
4. Bursa Marketplace rating 10. Kenanga Research TP 3.45 (11 Jan 2021)
TAANN 5012 MYX Bursa Saham 15/3/21Taann looks ready
Close: 3.04
EP: 2.97 - 3.10
Sl: 2.76/2.67
TP: 3.15/3.32/ 3.43/open
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
TA ANN - Bounce from EMA50Sector : Plantation.
FiFT Turned +ve
ATOM Neutral/Green Priceline.
Need to break above 3 to expose 3.5 target
SL elow 2.6 depend on your risk tolerant.
SHORT / MEDIUM TERM - TAANN - BUY ON BREAKOUTTAANN, profitable company, has broken short term downtrendline, while RSI is heading into the bullish region 50%. potential price will attempt R1 while RSI is above 50%. If price break above R1, there is potential to reach R2 with sustained momentum. take regular profits, preferably at 50% and 78% from target.
If price failed to break R1, possible it will test S1 and potentially trading sideways.If S1 failed to hold, next support will be S2.
