VS to attempt New High again?Short term reversal confirmed after few bullish candles. Another bullish candle is needed to break Fibo line at 2.905 to continue with the bullish momentum or it will pull back slightly to 2.765.
Overall still a super bullish stock for long term holding.
Intermediate support at 2.765 and strong support around 2.540~2.625 region. Resistances to break at 2.990 and 3.130.
Disclaimer: Trade at your own risk.
VS trade ideas
VS Monitor for Due Technical ReboundEMS stocks VS, SKPRES, ATAIMS are the hardest hit in the major tech stocks retracement. VS had the worst single day drop as the banker chips dropped just to mere 5%.
Scalpers can monitor for entry as RSI shows it can rebound anytime and it closed just above the strong support of 2.555. For holders looking to enter, please stay away from techs temporarily until the theme stabilises and won’t drop further.
Support at 2.555 and resistances at 2.775, 2.910 respectively.
Disclaimer: Trade at your own risk.
VS to rebound from Trend Line SupportThings are still looking good for the dragonhead of local EMS despite the gradually shift to recovery stocks. Price is ascending nicely in an ascending channel. A bullish candle is expected to form a Bullish Morning Doji Star pattern here. Banker chips are still strong with good momentum. Entering now is perfect for those who wish to hold this counter for long term or investment.
Disclaimer: Trade at your own risk.
DUFU, JHM, MI, PENTA, VS Analysis - Massive Targets RevealedTwo weeks ago, I covered these 5 stocks - MYX:DUFU , MYX:JHM , MYX:MI , MYX:PENTA and MYX:VS as Malaysia technology sector was on a massive rally. From the Wyckoff structure analysis perspective, majority of these stocks are still in phase D sign of strength rally with or pending a backup action before the phase E, which is a markup phase after a completion of a re-accumulation.
Find out the revised the key levels to watch for scaling in and the massive targets as revealed in the video based on the Point and Figure (P&F) projection.
Hold - VS VS managed to stay above ATH 2.5 completing big rounding bottom patterns.
NO ATOM Sell since 10 June Slow Turtle Buy.
BULLISH, UPTREND and STRONG BULL.
0% Retailer Volume. Banker Volume > 50%
FiFT +ve. Downward momentum with low volume - Good
Plan:
Continue to hold SL below EMA50
Further buy if breaks Pink Trend line or BoD signal.
Next target 3.0, 3.25
Malaysia Tech Sector - Dufu, JHM, MI, Penta, VS Buy or Sell?Since 2 weeks ago, Malaysia technology sector including OSAT (Outsourced Semiconductor Assembly and Test), ATE (Automated Testing Equipment), EMS (Electronic Manufacturing Services) and other supporting groups has charging up due to global chip shortage. MYX:DUFU , MYX:JHM , MYX:MI , MYX:PENTA and MYX:VS have been selected because they are potentially at the pivot point based on price action trading and volume spread with Wyckoff analysis.
Find out the trading plan of DUFU, JHM, MI, PENTA and VS with entry point and stop loss based on either breakout trading or simple pullback trading strategy.