UWC trade ideas
UWC Resistance BreakoutToday, the stock price rebound from HL and break the resistance. There is a probability for the stock to move up from minor consolidation. Then, the next resistance is at RM3.64. If the price can break above 3.64, it is likely for the stock to move to another stage. Moreover, there is a possibility of golden cross to occur because, the MA50 is below and near to MA200.
Descending Triangle with 123 pullbackBearish indicators on UWC. Especially with the 123 pullback from 4th October.
However foreign funds have been flowing into the Malaysian market from the previous week and expected to continue into this week and should result in green across the whole market. Good time to exit before it breaks the support?
<TradeVSA> Bullish Signal in the Chart. Strong Uptrend Soon?Stock to Focus:
1. Inari
2. WCT
3. AirAsia
4. UWC
Sign of Strength in the chart:
1. Accumulation / Reaccumulation Stage
2. Green Pentagon in Weekly Chart
3. Above 20/40ma
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
<TradeVSA> Inari - The Beginning of the Strong Uptrend ?Sign of Strength in the chart:
1. Bullish Green Pentagon in Weekly and Daily Chart
2. Long Period Reaccumulation
3. Price above 20/40ma with Strength
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
Sitting on sideline is a better choice BUY
- AVOID but
- Buy above 5.11 and plan to hold long with tight SL (not recommended)
- Recovery in Nasdaq might help to boost the stock price in short term but the stock is in overall weakness for the last 26 days
- More time is needed above 5.11 for a proper base to be formed – confirmation is needed around 6.25 and 6.57
SELL
- Make a tight SL above 5.11
- Better, make the SL around 4% - assume one buys at 5.55, the SL is 5.32
RATIONALE
- Technical rebound
- I’d personally avoid any tech stocks for time being due to weaknesses in growth stock
- powell is very much like musk in crypto – their words weigh too much on the sentiments
- however, it can still be bought for investment (DYOR)
- OR
- punting purposes (tight SL)
**the analysis is solely for my own references and learning
Volume Contraction Prior 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.