TR 41. TR Setup formed at H4. Broke resistance and come back to retest at RBS (quite significant area as price has retest for few occasions).
2. Bullish candlestick formed, potential reversal.
3. Previously seems like a double bottom formed and also broke the triangle pattern which may sign potential reversal.
4. Bursa Marketplace rating 6, new expansion.
TEKSENG trade ideas
TEKSENG Target LongAs we can see the candle became smaller. Looking for buying opportunities if they are reversal sign ,buying structure form at lower TF or compression near to support or demand area. To be safe wait until price break the TL and enter after it reverse back to the breakout area, TP at nearest resistant and SL after break support.
**Disclaimer
This account is my personal journal in Stock and Forex . It is for my learning purpose and keep track ONLY.
TRADE IS HIGH RISK, THINK WISELY BEFORE ENTER MARKET.
EASY123 Prediction @MYX TEKSENGPrediction: Trend Reversal - Higher-High & Higher-Low. (Rally when it breaks 0.77)
Target Price: R1=0.85-0.88, R2=0.98-1. 01 , R3=1.08-1.11
Support/Cut Loss: S1=0.725, S2=0.66
Signals:
*Yellow-Diamond (BT-bottom) has appeared on 29-Dec, an indication of the bottom reversal.
*Candle has turned from Red to Blue color on 09-Jan, an indication of Uptrend reversal.
*Price breaks, stand above and supported by Bull/Bear Divider (Redline) on 19-Jan, an indication of a trend reversal.
*Power volume (Red histogram) appeared 2x in 08 & 19-Jan, an indication of the presence of big players.
*Disclaimer: This is not a Buy or Sell suggestion but solely sharing the information...Trade at your own risk.
*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it.
Signal's Interpretation:
ENTRY Signal:-
*BT-Yellow-Diamond = Bottom reversal signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*Green-Dot = U-Turn entry point signal.
*Blue-Candle = Market at Uptrend sentiment.
*Candle color changed from RED to BLUE & Candle closed "ABOVE" the Bull/Bear Divider (Redline).
EXIST Signal:-
*Red-Dot = Potentially a Top signal.
*Yellow-Dot = Potentially a Top signal.
*Red-Candle = Market at Downtrend sentiment.
*Candle color changed from BLUE to RED & Candle closed "BELOW" the Bull/Bear Divider (Redline)
*INTERESTED WITH OUR SIGNAL TEMPLATE? YOU ARE WELCOME TO CONTACT OR PM US FOR ACCESS.
-Trend Trading System:
-All-In-One Swing Trading:
-Heat Volume Indicator:
TEKSENG - Medium Term Pullback Before Long Could Be ConsideredOpportunity & Risk:
Green Arrow (Transparency = 0) = Representing Opportunity
Red Arrow (Transparency = 0) = Representing Risk
Green Arrow (Transparency = 30%) = Representing Alternate View for Opportunity, or less probable outcomes
Red Arrow (Transparency = 30%) = Representing Alternate View for Risk, or less probable outcomes
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
TEKSENG & some more face mask countersOk by now we all should know that the government already make it compulsory for everyone to use face mask in public area and transportation starting 1st Aug 2020. What is so different from previous situation?
- it is compulsory, like it or not people will need to wear
- previously optional, no big deal
- school already open, more face mask to be used by pupils everyday? you know if you got kids
- lately more new Covid19 cases, the fear will make people come back to SOP and use more face masks
The point is, more and more face masks needed. Good news for face mask counters? Yes!
Some related counters:
- TEKSENG - www.tekseng.com.my
- KOMARK - www.theedgemarkets.com
- NIHSIN - www.nst.com.my
- CAELY - www.theedgemarkets.com
- PRLEXUS - www.prolexus.com.my
- SCGM - www.theedgemarkets.com
- NOTION - www.thestar.com.my
- EG - www.eg.com.my
- XDL - www.theedgemarkets.com
Is there anymore? Please put in comment.
Here is price change for the last 5 trading days:
*TEKSENG 38.1%
EG 26.5%
*SCGM 25.8%
PRLEXUS 20.2%
CAELY 19.2%
NOTION 7.8%
NIHSIN 4.9%
KOMARK -2%
XDL -8.3%
*counters breaking 20W high (high momentum, yeah)
What about MYX:TEKSENG tomorrow? It closed 0.87 on Thursday. Last time it was at this high was in 2016. Nearest support now at 0.80. Moderately to wait and see at this line and enter if not broken. It has been gaining for 3 days so might me pullback on Friday for profit taking.
TekSeng, break out to another new highThe excitement of chasing the new WAVE is like chasing after a new GF!
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Disclaimer: Every stock analysis are purely for educational/ informational support only. It is not for buy or sell call purpose. Everyone are responsible at your own trades.