YONGTAI Rebound From Higher LowYongtai has made a first contraction from 52 week high by 26.45%. Then, it contracted by 12.61%. During the contraction, the volume was decreased gradually. Then, yesterday (26/7/2023), Yongtai rebound from higher low with a large volume. This is consider a good sign and there is a chance to go upward. To support that, the stochasticRSI already made a crossover and the MACD is likely to follow suit.
YONGTAI trade ideas
Yongtai - history can repeat itself?Yongtai
Something is brewing??? Previous gained was 279% in a month.
History can repeat itself?
It won't be happen on tomorrow or next week, but soon??
Within 1 ~ 2 months?
Other talk base on history, I predict the future.
Close for now. 2 months later see again 🤑🤣🤑🤣🤑🤣
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
YONGTAI breaking resistance? MYX:YONGTAI retook Friday's high and absorbed the selling pressure. I am feeling bullish that this name could see more upside in the near short term future with a target of 0.435 if 0.38 manages to break. Of course if 0.35 gets breached, the setup is invalidated.
These are my views and analysis and is only for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
YONGTAI - Bullish Gap UpBullish gap up as a continuation of a strong closing a day before, which subsequently closed 29.5sen at the 0.382 retracement level.
Rounding bottom breakout target coincides with the 0.618 retracement level. Conservative traders will want to long MYX:YONGTAI when the gap is filled.
Theme: Property
YONGTAI : Showtime? (Medium term - wave analysis)We believe the correction in YONGTAI has ended earlier during March this year after it completed a deep zig zag corrective pattern. Today's bar close above the downtrendline as shown could possibly be an early move way up to RM0.77 area for wave (iii). To further confirm the bullish scenario however, we would like to see the stock push above the RM0.30 zone with a decent amount of volume. This wave count will be void if the price breaks below RM0.20 which is the termination point of wave (ii).
YONGTAI may start to reboundPrice just retraced from previous BO and still above weekly Ichi cloud. Weekly already oversold.
Price already entered Daily Ichi cloud and above blue intersect line.
Price rebounded at Daily EMA200 (strong support).
There is a big volume coming in for the past few days. Might be due to a private placement.
Therefore, YONGTAI has the potential to go upside.
Yong Tai BhdTrade ideas for this counter. Short term buy only..
As per weekly and daily chart, price move downtrend in a compression pattern.
On the left side Price Breakout Resistant R heavily and hidden zone detected in lower timeframe.
Buy only when price enter the green zone/box as MIN sl placement.
Bursa Yong Tai Berhad - Vaccine the BreakerThe descending/ downtrend trendline might be broke soon, probably due or supported by the latest news released regarding the rejection of the vaccine application by ministry of health claimed as rumors.
Chart trading idea are based on H1 timeframe. We can either sit tight at the nearest supply or entry once the market is open tomorrow morning.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
YONGTAI opportunitiesMy opinion on YONGTAI.
1) My "bullseye" target will be in Zone 2
2) Price between 0.255 to a minimum of 0.230
3) Yongtai is expected to bring in China Vaccination by the third quarter of this year.
4) They are still waiting for MOH NPRA approval to import vaccines from Shenzen Kangtai Biology.
5) Zone 2 in my opinion still the best zone to put your money on.
6) Monthly timeframe "Stoch" indicator showing that it is on the bullish trend.
Good Luck!
YONGTAI - upside bias inside symmetrical triangle?In H1, the stock currently forming symmetrical triangle in the pullback (more like handle of cup and handle pattern). With the positive news today, we could expect some upside movement inside the triangle.
R 0.335
S 0.290, 0.275
This will be invalid if price continues to break previous HL 0.275
Speed: Fast with 457M shares float (44% float of 1040M shares),
Sentimen: Positive sentimen on vaccine distribution deals with TNLOGIS ( TheEdge 7-Jan-2021 )
TAYOR