VIS trade ideas
{SWC}——VIS, New Wave? Thank you for your continued support!
Strategy: Price-Volume Analysis
Bias: Bullish . Vis was a hot stock traded since past month, price has been surged near to 80% from initial price.
It entered a pullback wave on the past 7 trading days. Yesterday the price dropped to 0.615 (fibo 0.382 zone), rebounded at the short term moving averages support zone , closed hammer .
VIS closed at 0.700 today at the psychology resistance.
If the volume and momentum maintained, SWC believes there will be a positive movement of share price in near term.
#Do take note that members from SWC private group took profit today when the share price went up. Congrats :)
#Chinese New Year is coming and market shall be less active.
#VIS has gone up quite a lot and kindly take care of the risk before the return.
R: 0.715, 0.730, 0.745
S: 0.660, 0.645
Kindly like and comment below! Happy Chinese New Year! :)
VIS - Bullish Breakout From Immediate Resistance VIS - Highlighted this morning, another stock with successful breakout from 0.48, widening BB and bullish indicators shall drive the stock towards 0.52. I'm not putting this into my list as well as the stock is usually flushed with wild swing, trend is pretty unpredictable. For those going for contra, remember to see money take money.
VIS, Obvious W bottom Breakout! Short term upside 10%! STRATEGY - PRICE VOLUME ANALYSIS:
VIS, a W-double bottom breakout was obviously spotted. Indicating a momentum for the bottom reversal in this counter.
Buy on retracement for this counter. It's expected to retrace back to a RM0.400 support area, before it starts another momentum journal to RM RM0.440, which giving the traders a potential 10.10% return of investment in a short term!
Let's learn and earn together!
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
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