TCS trade ideas
Potential BreakoutNot a prediction rather an observation.
The market is building up after it tested the lower band of the Bollinger band during the downtrend, and the MACD histogram is reaching 0.
The company has a rather healthy financial statement for the month of May for it to be in downtrend.
Cut loss point for HammerBuy on yesterday hammer.
Today price break below the yesterday low.
How to positioning yourself?
When stock break the low point, sell your stock .. if it bounce back above the low .. buy back again. (Spring strategy)
You can wait for end of the day just decide, but the price may continue to going way lower. Therefore it is preferable to cut now and buy back later.
TCX (MYX) - Potential to bounceGreetings
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Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
TCX (MYX) - Potential to bounce
Hit TP 2 - ReversalNo sign for continuation movement to the upside at the moment.
Earlier post:
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
Hit TP1, remains Bullish for TP2We noticed TCS has made a significant breakout above a downtrend channel which could be a bullish Measured Move formation. Hence, the next movement to the upside could be duplication the first leg (AB) to point D, coincide Fibonacci level 2.618 at 0.73. On the flipside, a price movement below S1 at 0.50 will negate this Bullish outlook.
Earlier post:
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.
TCS: Making new high?Could TCS break its IPO Listing day price? Volume wasnt convincing but it does looks promising!
TCS TRADING IDEA 10/2/2021DAILY 10/2/2021:
Breakout : 52 Weeks New High
Market Stage : Permulaan Uptrend
EMA : Baru nak diverge. Price > Ema20 > Ema50 > Ema200
Breakout Volume : 10x Ganda
Nilai Dagangan Breakout : Rm25M
Pattern : Cup & Handle
TCS BreakoutTcs Analysis:
1- Fresh breakout, just break 52 weeks high and the Darvas Box with sufficient volumes.
2- Price above 20 SMA and 50 SMA, showing an uptrend in Stage 2.
Entry:
1- Can enter now for breakout trader.
2- Can enter when price rebound on 20 SMA or 50 SMA for conservative trader.
Exit:
1- Price fall below 20 SMA and 50 SMA.
2- 20 SMA fall below 50 SMA
Bullish Newly-ShariahWe are optimistic for more bullish movement to 0.57 after penetration above resistance R1 preceded by a V-shape reversal pattern and a Golden cross on Nov. Movement below 0.4 would change our view.
FA looks good.
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.
TCS [10 December 2020] Buy On Resistant Zone Break OutMYX:TCS
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
1/12/2020 Trading IdeaConstruction Theme on strong rebound trend
EP 1: 0.485-0.505
EP 2: After Breakout 0.59
Cutloss Point: below 0.44
TP 1: 0.59
Fundamental:
TCS Group Holdings (TGH) entered into a conditional share sale agreement (SSA) with Super Advantage Property SB (SAP) for the acquisition of 25% equity interest in Southern Score SB (SSSB) for RM30m. The acquisition will be satisfied via issuance of 60 million new shares in TGH at RM0.50 per ordinary share.
and Profit After Tax Guarantee 20m of each financial year from 2021-2023.
TCS - Bullish BreakoutTCS
Rst: 0.465/ 0.505
Spp: 0.44
Bullish effect of V shape recovery continues to spell, green candle pushed above upper BB and at the same time enlarging BB even wider, Friday push has came to Fibo first tier resistance, breaking this, will push further to 0.505
