TGUAN, AlgoSignal reveals potential uptrendSeveral indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors collectively point towards the possibility of an upward movement in the near future
TGUAN trade ideas
TGUAN, Uptrend based on AlgoSignal StrategyThe market direction remains in a down trend, but there's potential for a rebound as prices have hit a lower limit around 0.0.28, indicating accumulation by buyers at this level.
This accumulation is signaled by the algorithm, with the appearance of blue signals occurring multiple times before during rebounds above the support level.
TGUAN VCP Setup (Weekly Chart)TGUAN use 1 year to setup this huge base VCP. Recent setup come into tight area where the contraction is at 5% risk.
C1: -36%
C2: -14%
C3: -11%
C4: -5%
Monitor if there will be large demand come in and breakout the tight zone.
Disclaimer:
Not a buy call recommendation, sharing based on my personal experience in technical analysis and chart pattern. Trade at your own risk.
TGUAN - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. 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.
Strong buy in, TP 3.3Very strong buying momentum.
Price firmly broke out previous resistant 2.66 with much higher volume and strength.
I'm expecting first TP @ 2.94, then 3.33.
Considering cutloss at 2.4.
Risk & Reward ratio = 2
TP = 20%
CL = -10%
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
Breakout Strategy BO Entry happen after swing signal is complete.
RRR: 1:1, risk must not more than 7%
Disclaimer:
You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk.
Top Consolidation With Increasing Buy Up VolumeNO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. 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.
TGUAN - Demand of plastic packaging productsFoodpanda, grab, takeaway, or anything you could think of.
Adapting well to the new normal, focus on improving sales and margins for existing products (i.e. stretch film), and aims to target more export markets.
It is also concentrating on continued expansion into higher-margin production lines to sustain the plastic segment’s margins going forward.
Revenue for the nine months was up 11.97% at RM586.43 million from RM523.76 million in the corresponding nine months last financial year.
It's good to have at this price level with a good risk and reward ratio. :)
TGUAN Pre Q3 QR AnalysisSuccessful breakout of the resistance at RM 3.2 with a closing at RM 3.26 on 18/11/2020.
Price consolidates in the region between 0.786 to 1 of Fibo Retracement for about 10 trading days before huge buying interest came in, with the volume being higher than Vol MA20.
MACD about to perform golden cross, BB seems to be going upwards after a squeeze.