Based on the chart, the price break from trendline after a consolidation for about 5 months. If we look on weekly chart, it rebound from MA50. For me it looks good.
From weekly chart, we can see the price in a consolidation like a pennant. Also, during the consolidation, the volume getting smaller starting from 4 Sep 2023 until 18 April 2024 which we can consider a good trend.
We can see from the chart the stock has fallen from 52wh and consolidate. Then, the price is contracted from 39.48% to 7.86% starting from 13 March 2024 until 18 April 2024 with low volume. Today (19 April 2024), the price break the resistance with a volume. This can be a sign of rebound for the stock.
Based on the chart, it looks like the stock in the stage 3 but also can be a consolidation. Even though the stock in stage 3, there is a possibility the stock to continue to move upward within the stage 3 range, before it move to stage 4. But, there is also a possibility that this is just a consolidation phase before it moves higher and break above major...
Based on the chart, it looks like the stock is likely to form a triangle pattern. We can see that the volume is decreasing during the convergence period. Besides that, the stochRSI for daily and weekly chart is equal for about 25%. The stock is likely to move upward if it breaks above 0.265.
Based on the chart, the price close higher with high volume. Not only that, the stochRSI are consolidating within oversold region which is between 6% to 31%. Moreover, the today's stochRSI has cross up the 20% level and there is more room before reaching overbought.
Based on the chart, today's price close lower than last friday but the volume still lower than last friday's volume. Moreover, stochRSI shows a crossover at 20% level and the OBV still in uptrend. This shows that the stocks has a potential to go higher. Furthermore, the there is a good sentiment for this stock because, the company has involved in Johor project.
Today, 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.
Based on the chart, the stock form a bullish harami pattern and near to MA50. There is a chance for the stock to go up. Moreover, the OBV is in uptrend which shows there is an accumulation in the stock. On top of that, there is a good sentiment for the company which is NETR.
Based on the chart, the price rebound from yesterday's close. On top of that, there is a golden cross (MA50 cross above MA200) as well as crossover from stochasticRSI. Moreover, the OBV still in uptrend which is good. If the price break above 0.335, there is a possibility to move higher.
Based on daily chart, the stock price rebound from MA200 and near to cross above MA50. Moreover, the MACD also make a crossover. Not only that, on weekly chart, the stock price rebound from MA50 and cross above EMA21. In my opinion, this is a good setup.
Today, the price moving from MA50 with volume and it looks like the stochasticRSI want to make crossover. Not only that, there is a good sentiment for the company as Malaysia are moving towards Renewable energy. Moreover, TNB will hold The Energy Transition Conference soon and probably there will be a good news for Renewable Energy company.
Based on the chart, the price rebound from MA50 and almost cross above EMA21. Not only that, StochasticRSI cross above the oversold region. Moreover, on the weekly chart, the price is above the support level 1.47 and there is a possibility to make a higher low.
The stock breakout from pennant pattern with volume and also, there is a crossover of stochRSI in the oversold region.
Yongtai 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...
Today, the price rebound from EMA21 as well as from support RM1.75 with high volume. Moreover, there is a crossover from StochasticRSI and I'm expecting there is a possibility to cross above oversold region.
Today JHM closed at RM0.75 with large volume. Moreover, indicators shows a rebound from oversold region.
Based on the chart, we can see that the stock is forming a base. In addition, the price has contracted 2 times from the 52wh which is contracted by 15% and 6%. Moreover, during the contraction (forming a base), the volume also decrease gradually which is good.