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WIDAD GROUP BERHAD

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WIDAD trade ideas

Double Bottom - Buckle up! 🎢Widad was dipped by 50% from Fibonacci resistance area at 0.80 and found support at Fibonacci sell target 1.618 at 0.39, forming a Double Bottom reversal pattern. A bullish bias has emerged above the Double Bottom as the price has violated the downtrend line followed by a stronger buying volume coincide with buy signal seen on daily Stochastic . Theoretically, the target price of a double bottom is measured by the height of the pattern. Meanwhile, a reversal below support level 0.39 would negate this expectation. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
MYX:WIDADLong
by ellynacci
4
WIDAD - a possible longWidad is going to make a double bottom and it could react to that. the reaction to that could make as a retracement to the long fall that happened this couple of weeks. I'm biasing a bullish here. ========================================================== Always take care of your MM. Think of the value STOP LOSS first rather than the value of your TP. All in all, good luck in your trading! ===========================================================
MYX:WIDADLong
by hazlanyahaya
Bull-riding Roller CoasterChart 1 A helicopter view on weekly timeframe (Chart 1), we can see the Bullish market structure with formation of Higher Highs and Higher Lows. In July 2017 the price reacted at Fibonacci Target 4.236 and plummeted to support level at 0.22. The price was consolidated for two years, before surging higher forming new ATHs. Our view is Bullish here. Chart 2 The share plummeted again from new ATH at 0.82, found support at Fibonacci sell target at 0.39 and rose dramatically to Fibonacci target 2.618 at 0.80, however dipped down to support at 0.55. Conclusion: Our view is still bullish. Support level at 0.55 could be a rebound point for the price to climb higher. However, if breached, next support is at 0.385. If again, the price breached this level it could drop to S3, and finally S4, which violation below this level assumed bullish reversal is confirmed. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only.
MYX:WIDADLong
by ellynacci
5
Bullish Butterfly Identified 17 Nov 2020, Breakout 10 Dec 2020Bullish Butterfly Identified on 10 and 17 Nov 2020. Breakout on 10 Dec 2020 and has trading above its sloping 20-Days Moving Average which is a good sign. Resistance 1 : 0.680 (23 Oct 2020) Resistance 2 : 0.675 (4 Nov 2020) Support 1 : 0.635 (19 Oct 2020) Support 2 : 0.620 (10 Nov 2020) - 1st Bullish Butterfly Support 3 : 0.615 (10 Nov 2020) - 2nd Bullish Butterfly Ascending Triangle prediction at 11 Dec 2020. Possible bullish price movement towards the resistance 3.69 within the next 94 days (65 bars : ETA 15 Mar 2021).
MYX:WIDADLong
by RozaniGhani-RG