TSH getting stronger. tp 1.70TSH getting stronger. It may return to previous resistance. tp 1.70
#ARTTpick #KebayaTrader
TSH trade ideas
STAGE 1 TSHincrease profits in QOQ and YOY.Still in stage1 accumulation phase.Not a recommended phase by any of the market wizards out there.But,just postin this for a study
<TradeVSA> No Sign of Weakness for TSHSign of Strength in the chart:
1. Accumulation stages
2. Green Pentagon with NS in weekly chart
3. Holding above support with no Sign of Weakness
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
TSH Re-entry BUY at Wave 41. Uptrend market structure with waves 1,2,3 and now wave#4
2. Testing EMA200+EMA100
3. Analyst TP RM1.40 and now upgrade to RM1.75
4. FCPO in re-accumulation phase possible breakout ATH.
TSH - Retracement DoneTSH
Theme: Palm oil
Rst: 1.23
Spp: 1.15
Dark cloud cover done yesterday being rejected, supported by healthy RSI, MACD and BB remains wide, likelihood to observe breakthrough from Fibo Ext first tier is high.
TSH - ideas updateNote
- There is a positive movement onto this counter. Seek best entry/ exit. Suggestion are on the chart
Limited Upside. Resistance is 2 sen ahead Operator is a human, human has certain behaviors, Same behavior applies to stocks , where we can study from the past history.
We can observe similar pattern in TSH
From my humbly opinion, upside potential is limited as resistance is just 2 sen ahead. Lets wait to observe further
TSHFA - Impressive consequent 2xQR on net profit, can it achieve the same for 3rd QR?
TA - Forming a pivot above the previous resistant; yesterday was my enemy, today may become my best friend 🤞
BullishClosed above resistance today for further upside move to Fibonacci target 1.618 coincides resistance in Dec 2019. Exit below 0.90
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. 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.
TSH - news flow today!Note/
- 3QFY20 net profit soar by nearly 300% to RM24.07 million from RM6.03 million in 3QFY19 on higher palm commodity prices. 3QFY20 revenue was up by 7.21% at RM194.17 million from RM181.12 million recorded in the previous corresponding financial quarter. For the nine months ended Sept 30, 2020 (9MFY20) net profit was 80.05% higher at RM46.14 million from the RM25.63 million seen in 9MFY19. 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.
- 2 pts entry suggest/
TSH akan mengikuti kenaikan CPO? Uptrend in short-term
Cubaan untuk memecah "downtrend"
Big ranging 1.330 - 0.555
TSH tests the T junctionAfter a while following through TSH since it rebounded from lowest due to Covid 19, it already break the resistance a few times.
Generally TSH is exhibiting an ascending channel accumulation pattern.
Successful breakout from 91 sen is seen sustainable.
Trading Plan :
Accumulate during TR, sell partial at resistance before breakout and partial above 1.00.
Currently the price is testing Gann fan angle, MA200, and horizontal resistance.
EASY123 Prediction @MYX TSHLife is simple...Trade with Simplicity!
*Trend direction: UPTREND - Green background (Higher-High & Higher Low was observed)
*The price has break-up and hoover along our lifeline (Redline) on 20-May.
*Bottom signal (Green-upward triangle 19-Mar, followed by Yellow-Diamond "BT" on 25-Mar & 15-Apr) were sighted on our chart.
*Turning points (Purple-candle) have appeared on 26-Mar, 06/17/30-Apr, & 15-May, an indication of the price revert to upward direction.
*The accelerate signal (White-Diamond) was sighted on 22-Apr & 18-May, an indication of the strong buying momentum.
*A Yellow-candle + Alert Bell has appeared on 06-May, an indication of potential price rally to take-off.
Prediction: The price broke up our lifeline (resistance) on 20-May and it hoover along our lifeline (Redline) region.
It is making a correction after it has made a new high RM0.93 on 21-May.
Once it breaks the immediate resistance R0.93 it will take-off to the next level.
*Otherwise, it will hover sideways within a range between 0.93-0.73 within a BOX pattern.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.99-1.01 & R2=1.11-1.18
Support/Cut Loss: S1=0.73-0.70 & S2=0.63
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*Purple-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.
TSH - Buy May re-test previous high or break
(Disclaimer: for demonstrate planned trade records study only, not for recommend to buy or sell)
19/04/2020 TSH downtrend broken,with no break last high (no strong long bias)
after rally pull back with no new low (no strong short bias)
ranging at 0.610-0.730 level. (yellow color box)
2 strategic may apply
1) Buy and hold as Sl at 0.560 for value investor
2) limit set up to wait breakout at 0.730
TSH 9059 - Potential Inverted Head & Shoulder Low volume drop from 1.56 to 1.24 previously
High volume breakout from potential inverted H&S neckline & downtrend channel
Potential retracement back to right shoulder at around 1.08
If retracement didn't not happen, breakout from 1.24 will see another wave back to 1.56
