TGUAN - How Far It Can Go?TGUAN
Rst: 3.50
Spp: 2.97
A rare bullish creature in this volatile market, no bearish RSI divergence signal yet. Adjusted my earlier Fibo Extension projection to factor in recent bonus issue, the stock has broke through from Fibo Ext 100%, still bullish but may be dangerous to ride at current point as over-extended from 100% is usually tough challenge.
TGUAN trade ideas
STOCK TRADING : 20) thong guan- top20JewelMalaysiaStocks-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
this is trade 158) frm haidojo trading and the update frm trade 126)…Tguan has broken abv the resistance-turn-support RM4.87
nowit will continue its uptrend until a lower-high and lower-low are formed...
current support : RM5.30
strong support : RM4.87
resistance : RM5.65-5.70
Overall, tguan is uptrend now…it has broken abv its resistance level and continues its uptrend journey...
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode shall not be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
STOCK TRADING : 20) thong guan- top20JewelMalaysiaStocks-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
this is trade 126) frm haidojo trading and the last companies frm the top20Jewel series…Tguan is temporarily in uptrend…but now it has bumped into the previous resistance level –RM4.87…immediate support at RM4.45 – 4.56…lower support at RM4.00…
current support : RM4.45 – 4.56…
strong support : RM4.00
resistance : RM4.87
Overall, tguan is still in a sideway…so either wait for breakout to the higher side to confirm a new uptrend, or wait for retracement back to the previous resistance-turn-support at RM4.45…
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode shall not be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW " are my main source of motivation to continue posting more valuable contents...TQ**
TGUAN - Potential Downside Into Falling ChannelOpportunity and Risk
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.
TGUAN - possible end of retracement?VSA/Weiss wave analysis :
TGUAN showing
1) high volume activity on the bars with long lower wicks (green arrows), possibly indicating active buying.
2) This is followed by No Supply bar (a down bar with volume lesser than the previous 2 bars {red arrow}, showing possible no selling interest to bring the price down.
3) On Weiss Wave indicator, there is successive reduction in volume in the consecutive downmove, posibbly indicating lesser selling interest as well.
I'm looking for ward for price to rise till the previous major swing high.
{SWC}——TGUAN, Double Top or Potential Breakout?Thank you for your continued support :)
Strategy: Bollinger Band Breakout
Bias: Bullish. TGUAN traded actively with average volume after the correction phase done at support 3.30 back in early December.
TGUAN challenged RM3.65 earlier. The profit taking activity brought TGUAN back to retest support at 3.30.
TGUAN recently challenged again recent high resistance. It closed at 3.66 above Bollinger Upper Band.
If TGUAN successfully made a neckline breakout, SWC believes it can achieve 4.00 based on the accumulation. Time needed.
3.88 will be another crucial resistance zone which to take note for.
S: 3.58, 3.50
R: 3.88, 4.00
If you find this idea helpful, dont hesitate to drop us a like and welcome to comment below! :)